A proposal in President Obama’s 2015 budget, if approved, would require nonspousal IRA beneficiaries such as children to accelerate distribution and taxation of inherited IRAs. All IRA account owners and beneficiaries are required to take annual minimum distributions, or RMDs, using end-of-the-year account values and an Internal Revenue Service life- expectancy table factor to calculate […] The post Extend the life of your children’s inherited IRAs appeared first on Retirement Income Center.