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Annual Distributions. Alternatively, IRA beneficiaries are allowed to take annual distributions based on the IRS life expectancy table, instead of withdrawing the entire account within five years. Annual distributions to IRA beneficiaries must begin in the year after the account ownerâs death. If annual distributions donât start on time, however, the beneficiary must liquidate the entire IRA within five years.
A Roth IRA's basis carries forward through death just as that of a traditional IRA. However, this rule benefits you with a Roth since it means that you'll be able to take distributions from a Roth IRA without paying any income tax on them as long as the original account holder had the Roth IRA for at least five years.