Spousal Rollover
IRA account owner dies at age 65. Spouse is over 70 1/2. Can Spouse leave money in a decedent IRA and not have to take MRD’s until decedent would have reached 70 1/2?
IRA account owner dies at age 65. Spouse is over 70 1/2. Can Spouse leave money in a decedent IRA and not have to take MRD’s until decedent would have reached 70 1/2?
Permalink Submitted by mk foss on Thu, 2012-01-05 18:09
Yes – this is presuming that the spouse is the beneficiary – but a surviving spouse can always wait until the decedent would reach age 70.5 before commencing RMDs. Also withdrawals can be made during the period but nothing is required. There is no time limit on a spousal rollover – so that can be put off for 5 years.