Options for surviving spouse that is over 70 1/2. IRA owner was 67 at death
Can a surviving spouse take IRA as an Inherited/Beneficiary IRA and NOT take RMDs until the IRA owner would have been 70 1/2 – 2020 – even though she is currently 73? I’m fairly confident this is true. In 2020 she would use the single life expectancy table for her age 76 the factor is 12.7.
In 2020 can surviving spouse then do a rollover and take the IRA as her own in order to use the uniform table calculate the RMDs (the factor in this case is 22)? If she names her two children as beneficiaries of her own IRA, they would be able to spread RMDs at surviving spouses death over their life expectancies, correct?
When first reading the rules, I thought it was an A. or B. choice, but based on other questions and answers in this forum, we may be able to do a combination of A. and B.
Permalink Submitted by Alan - IRA critic on Wed, 2017-06-14 17:22
Yes, beneficiary RMDs for a sole spousal beneficiary do not start until the year deceased spouse would have reached 70.5. In that year the beneficiary spouse can assume ownership of the IRA and take RMDs using the Uniform Table. She would not use the single life table. Children named as beneficiaries could take RMDs using their own single life expectancy.