RMD change when primary beneficiary passes away?
I have a client who is past RBD and has been receiving RMDs according to the uniform table since his spouse was only a year younger. His wife passed away last year. His two children are the contingent beneficiaries. Does his RMD now get calculated from a different table? Does it matter if he updates his beneficiary form to make his children primary beneficiaries?
Permalink Submitted by Alan - IRA critic on Tue, 2018-02-06 16:45
The uniform table continues to apply so there will be no change to how his RMD is calculated.