RMD Table
Which table do I use to calculate the RMD for a person who’s spouse is more than 10 years younger and NOT the sole beneficiary?
Thank You!
Which table do I use to calculate the RMD for a person who’s spouse is more than 10 years younger and NOT the sole beneficiary?
Thank You!
Permalink Submitted by Alan - IRA critic on Mon, 2017-01-02 17:06
The uniform table would apply. If the person sees a meaningful advantage in RMD reductions by making the spouse the sole beneficiary of a separate IRA account, they could partition the IRA into two accounts, one naming the spouse and using Table II and the other naming the other beneficiaries and using the Uniform Table. However, it is already too late to do this for 2017 because the spouse must be the sole beneficiary for the entire year in order for Table II to be applied. However, the person may want to consider doing this before year end in order to reduce the total RMD for 2018.
Permalink Submitted by James Arnold on Tue, 2017-01-03 15:51
Thank you AGAIN Alan!