72t
My client just passed away and his spouse is the primary beneficiary on his Metlife VA with income benefits. If he died during the 72t period and she is under 59 1/2 is she required to start a 72t or continue the existing? or does it not apply to a beneficiary .
Permalink Submitted by mk foss on Tue, 2012-09-25 16:47
The beneficiary cannot continue the decedent’s 72t. No 10% penalty applies for an inherited IRA, so there would be no need to start another 72t.