RMD from non-spousal inherited Roth IRA
Would just like to ensure I understand the correct factor to use for the RMD from an inherited non-spousal Roth IRA. Our daughter inherited a Roth IRA from her brother who passed away in December 2008. She will be 37 on December 31, 2009. Therefore I believe the correct factor is 46.5.
However, because of the current one-time change to the tax law, she does not have to take her RMD in 2009. But, she will have to take her RMD in 2010 and the factor she should use for that RMD is 45.5 based on the balance of the IRA on December 31, 2009. That factor will continue to decrease by an amount of 1.0 each year.
Please confirm my interpretation. Thanks.
Permalink Submitted by Alan Spross on Sun, 2009-06-14 21:29
Yes, Tom, you have it exactly right.
There is also a chance that Congress could extend the RMD waivers into next year as well, so we should stay tuned to that possibility.