RMD’s for spousal beneficiary IRA under 59.5
If a spouse under the age of 59.5 dies and the surviving spouse rolls the deceased’s IRA into a beneficiary IRA..and both individuals were under 59.5 at time of death…..When does the spousal beneficiary have to start withdrawing funds?……Thanks……james
Permalink Submitted by Alan Spross on Thu, 2012-01-19 18:10
By the end of the year the decedent would have reached 70.5, as long as the surviving spouse was the sole beneficiary OR created a separate inherited account by the end of the year following death of the spouse.