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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.
Beneficiaries of Inherited IRAs must usually begin taking RMDs in the year following the year of the accountholderâs death (see below). There is an exception for the original accountholder of a ROTH IRA; no RMDs need to be taken from a ROTH IRA during the original accountholderâs lifetime.