Spousal Beneficiary RMDs
Can a Spousal Beneficiary who is currently receiving the RMDs calculated based on the Uniform Lifetime table (because she was older than him)in a 401k plan rollover to an IRA and changer the RMDs be calculated of the Single Life Table?
Permalink Submitted by Alan - IRA critic on Tue, 2015-08-11 18:44
The Uniform table cannot be used by beneficiaries, and the RMD will not be adequate in most cases. If the owner passed after the RBD, the owner’s remaining life expectancy can be used if the distribution is less than using the beneficiary’s age, but the single life table would be used, not the Uniform Table. Is the 401k plan calculating the RMD incorrectly?
Permalink Submitted by CHARLIE STAMOS on Wed, 2015-08-12 13:08
Thanks. It seems the K plan did not calculate it correctly…