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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.
The options for distributions available to an estate as the beneficiary of an Inherited IRA vary depending on whether or not the IRA holder died before their required beginning date. If the IRA holder has died before their required beginning date, the assets in the IRA may be paid to the estate using the five-year rule.