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Elevate your Bankrate experience
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Get insider access to our best financial tools and content
Elevate your Bankrate experience
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Elevate your Bankrate experience
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When you are the beneficiary of a retirement plan, specific IRS rules regulate the minimum withdrawals you must take. If you want to simply take your inherited money right now and pay taxes, you can. But if you want to defer taxes as long as possible, there are certain distribution requirements with which you must comply. Use this calculator to determine your Required Minimum Distributions (RMD) as a beneficiary of a retirement account.