wealth inheritance derived

{
  "input": {
    "type": "http",
    "method": "GET",
    "queryParams": {
      "your_age": "45",
      "account_type": "traditional",
      "relationship": "non-spouse"
    }
  },
  "output": {
    "type": "json",
    "example": {
      "disclaimer": "For informational purposes only. Not tax or legal advice. Inherited IRA rules are complex and the SECURE Act 2.0 introduced significant changes. Consult a CPA or estate planning attorney before taking distributions.",
      "amazon_link": "https://www.amazon.com/s?k=inherited+IRA+rules&tag=pulsenetwork7-20",
      "amazon_search": "inherited IRA rules",
      "ten_year_rule": {
        "applies": true,
        "explanation": "The inherited IRA must be fully emptied by December 31 of the 10th year after death",
        "optimal_drawdown_strategy": "Spread distributions evenly to avoid a large tax bill in year 10",
        "annual_rmd_within_10_years": "Yes — the original owner had already reached RMD age"
      },
      "rmd_requirements": {
        "applicable": true,
        "calculation_method": "IRS Single Life Expectancy Table",
        "first_rmd_deadline": "December 31 of the year after death",
        "penalty_for_missing": "25% (reduced to 10% if corrected promptly)"
      },
      "step_up_in_basis": {
        "applies_to": "Not applicable to IRAs",
        "explanation": "IRAs do not receive a step-up in basis; distributions remain fully taxable"
      },
      "key_rules_summary": [
        "Account must be fully distributed within 10 years",
        "Annual RMDs required within the 10 years since the original owner had already started RMDs",
        "No stretch IRA option available"
      ],
      "mistakes_to_avoid": [
        "Missing the first RMD deadline",
        "Assuming the old stretch-IRA rules still apply"
      ],
      "inheritor_category": "Non-Eligible Designated Beneficiary",
      "tax_planning_opportunities": [
        "Take larger distributions in low-income years",
        "Consider a Roth conversion ladder before distributions begin"
      ]
    }
  }
}