IRA RMD’s
My Father passed away at 73 and took RMD’s from his IRA. If my mother put’s the account in her name, will she have to continue RMD’s or can she wait until she turns
70 1/2?
My Father passed away at 73 and took RMD’s from his IRA. If my mother put’s the account in her name, will she have to continue RMD’s or can she wait until she turns
70 1/2?
Permalink Submitted by Alan Spross on Thu, 2012-05-31 18:49
As long as the year of death RMD has been distributed for your father, your mother can roll the balance over to her own IRA and the amount rolled over is treated as if it was her IRA all along. Therefore, her RMDs do not need to start until 4/1 after the year she reaches 70.5.