Bene RMD non spousal deceased of RMD age
2 beneficiaries have to divide the assets of their father who passed away in 2009 and was of the RMD age already. He was 84. are the options either one time or life expectancy payments? I think so. Also since RMD for 2009 is waived, beneficiary only has to worry about 2010. so if IRA holder was deceased in 2009, beneficiary must satisfy the first RMD in 2010 by 12/31/2010?
Permalink Submitted by Alan Spross on Mon, 2009-09-21 22:30
Yes, your RMD due dates are correct.
Beneficiary life expectancy distributions apply, but beneficiaries can always take out more if they wish. Separate accounts must be created prior to 12/31/2010 in order for each beneficiary to use their own life expectancy. If not created in time, the life expectancy of the oldest beneficiary applies for the others as well.