▲ 208 r/personalfinance
My 6 year old son inherited part of my dads 401k balance. Does the 10 year rule apply to him?
I know I have to withdrawal the balance of my dads 401k within 10 years of his death but does that apply to my son? I’ve heard both yes and no from people at fidelity. Seems weird if it does apply to him. I would have to file an income tax return for him?? Thanks for any help.
u/Kaizen_787723 — 1 month ago