Bene Roth IRA
We have a client where his father passed away this past April…I just want to verify when the beneficiary will need to begin his Bene Roth IRA RMD…
Deceased Birth Date: 06/20/1923
Deceased Date of Death: 04/04/2014
Year End Value: 48192.02
Permalink Submitted by Alan - IRA critic on Tue, 2014-05-13 19:15
Client will have to take the first RMD by 12/31/2015, based on his age on that day and the value of the inherted Roth on 12/31/2014. If his father first’s Roth contribution was more than 5 years ago, the Roth is already fully qualified and tax free.