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๐Ÿ  Lower Taxes w/ Ryan

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277 contributions to ๐Ÿ  Lower Taxes w/ Ryan
Inherited IRA question
I was wondering what I need to do about an inherited IRA I got from my mother who passed away in 2018. I was under the impression that I had 10 years until I needed to spend it down. When I was doing some research on line, it said that since the death was prior to 2020 I actually needed to take out RMDs in 2019. Is that true? Thanks.
1 like โ€ข 13d
This is pre secure act. Secure act had the 10 year rule. Before the secure act you are required to take out RMDs over your life expectancy. Thereโ€™s a fancy table/chart that the IRS uses on their website. But I believe you have to withdraw a minimum amount each year every year. https://www.irs.gov/publications/p590b
Chicago In Person Event 5/28 10AM
Link to register! https://www.eventbrite.com/e/real-estate-power-hour-workshop-tickets-1988632118198
Change to Meeting Link
Heads up! For VIPs/TS365 Clients we are moving our 12CST call from SKOOL and into zoom. You can still find the link in your calendar on skool, and on your calendar invite.
Happy Motherโ€™s Day!
Happy Motherโ€™s Day to all the moms in the group building generational wealth for their kids!
Oil & Gas
@Ryan Bakke, CPA Hey there. I got on the oil & gas call late. I heard youโ€™re gonna put the slides up. Will they be in templates, somehow attached to your previous content on this topic or elsewhere?
0 likes โ€ข 19d
https://www.skool.com/taxes/tax-strategy-365-call-this-friday-12-cst?p=704562ea !
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@cpa
๐Ÿ‡บ๐Ÿ‡ธ Skool Mayor: Chicago ๐Ÿง‘โ€๐Ÿ’ปCPA for real estate investors and business owners ๐Ÿ† Longest Skool Webinar (12.5 hours)

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Joined Aug 8, 2025
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