spousal beneficiary IRA rules
The situation is that a spouse took over her husband’s IRA back in 2007 as a beneficiary IRA. Now that we are several years out can she take over the beneficiary IRA and move it to her own IRA to lessen her RMD requirements.
Permalink Submitted by Alan - IRA critic on Sun, 2021-09-19 16:38
Yes, if she was the sole beneficiary back in 2007, she should elect to assume ownership of the account assuming she is over 59.5. She can then directly transfer it to another owned IRA account if she has one. If this is done before year end her RMD for 2021 will be that of an owner (Uniform Table) and will be much lower than a beneficiary RMD. There is no deadline to assume ownership of a spousal inherited IRA.