For RMD can I use Table II “Joint Life” How is “Sole Beneficiary” defined?
Taking RMD’s from my IRA and my spouse is more than 10 years younger than me. She is the sole primary beneficiary, but I have my kids listed as secondary beneficiaries. Would this still allow me to use table II and the Joint Life RMD Factor or do I need to use the uniform table since I have secondary beneficiaries listed. Does the IRS mean “Sole Beneficiary” as the only beneficiary period, or as the only PRIMARY beneficiary?
Thank you in advance!
Permalink Submitted by Alan - IRA critic on Thu, 2022-08-25 03:03
Sole beneficiary refers to the only primary beneficiary. The contingent beneficiaries do not affect this. Therefore, you can use Table II.