Inherited IRA.

An inherited IRA (also called a beneficiary IRA) is a retirement account opened when someone receives IRA assets from a deceased account holder. Non-spouse beneficiaries under the SECURE Act 2.0 rules generally must deplete the account within 10 years of the original owner's death; the annual required minimum distribution rules that applied pre-2020 no longer apply to most beneficiaries. Surviving spouses have more flexibility, including the option to roll assets into their own IRA. Taxes are owed on distributions from inherited traditional IRAs; inherited Roth IRA distributions are generally tax-free.