When is the first distribution from this inherited IRA? Updated Dec 28, 2020; Q. I am 41 years old and my mother passed away in February 2019 at the age of 65. I inherited an IRA from her which she had not started withdrawing from prior to her death. It is my understanding that (prior to COVID) I would have had to take an Required Minimum Distribution by Dec. 31 to use the life expectancy method. If I didn’t, then all funds would have to be withdrawn by the end of the fifth year after death. Is this correct? — Unsure We’re going to assume you have by now retitled the inherited IRA.