RMD and the JT Table
I have a client that transferred his IRA accounts to me he is 71 and Spouse is 40. His spouse is the primary beni but for only 80%. If he changed her to the 100% beni now could he use the JT table for his 2008 RMD?
My Financial planning department is telling me that she had to be the primary 100% beni of Jan 1st. Is that accurate?
Permalink Submitted by Al Fry on Tue, 2008-04-15 22:01
That is true. Check out Treas. Reg. Sec 1.401(a)(9)-5, Q & A-4(b)(1).