Remember that there are no mandatory RMDs – “Required Minimum Distributions” — for the 2020 tax year, which is a Covid19-related reprieve. This applies to all IRAs, including Beneficiary IRAs.
In another change, the 2019 tax year is the last one for which the age 70½ is the magic age for starting RMDs – the age has been increased to 72. Also the that the government restriction on traditional IRA contributions applies has been changed. Because of the SECURE Act in late 2019, beginning with the 2020 tax year, those over age 70½ will be able to contribute to a traditional IRA provided they have compensation equal to at least the amount of the contribution (spousal IRA rules will remain in effect). Keep in mind that if you’re using a back-door Roth IRA strategy for 2019, the age 70½ rule still applies.
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