401 K RMD question
Husband and wife are only participants in company plan- both age 72. Husband died earlier this year before taking RMD. Can it be resolved with one check to the wife for the combined amount or is two checks required and who should the deceased husbands RMD payment be payable to?
Permalink Submitted by Alan - IRA critic on Wed, 2013-11-27 19:27
Assuming that the wife is the beneficiary of husband’s interest, the year of death RMD should be paid to the wife. A separate check for the wife’s own RMD will probably make documentation of the two different RMDs more clear.