Spouse holding a beneficial IRA
Husbands DOB is 7/1952 and died in 2011. Wife DOB is 1/1947 and held a bene IRA to delay RMDs. Does the RMD start the year the deceased spouse would have been 70.5 since death was prior to 2020 or is the first RMD distribution the year the deceased spouse would have attained 72 (had they lived)?
Permalink Submitted by Alan - IRA critic on Mon, 2021-04-05 18:46
Since husband would not have reached age 70.5 by the end of 2019, wife’s beneficiary RMDs would not begin until the year he would have reached 72, which is 2024. She can therefore push off the spousal rollover until 2024 and then apply the Uniform Table to calculate her 2024 RMD. See Sec 114 of the Secure Act.