I inherited an IRA from my dad - the brokerage just automatically sends me a check every November for whatever they calculate my RMD to be for the year.
“...the brokerage just automatically sends me a check every November...”
Same thing for my wife from her mom’s account but it just showed up last week. One year they forgot to do it until January. That was a mess. Even though I now use a CPA, I still hate tax time just for gathering records.
I inherited my brothers IRA which is Apple stock. My Edward Jones advisor lets me know the amount that needs to be drawn. Usually in November we transfer the required shares of stock to my personal account. Doing this we do not have to sell any of the stock. Thank you Waco!