Non Spusal Inherited IRA RMD calculations

Submitted by Barbara Cole on Mon, 2023-02-06 18:33

Anybody finding any RMD calculators for RMDs on non-spousal inherited IRAs where beneficiary is 60 and needs to take the RMDs. The best I have are calculators that push out the calculation to show RMDs starting at 72 (not even the new 73). My broker dealer said they won’t have calculations until May 2023.

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Permalink Submitted by Alan - IRA critic on Mon, 2023-02-06 23:04

If the IRA owner passed after 2019 (Secure Act) and also after the required beginning date (RBD) for the owner, the beneficiary would use the single life table. The Uniform Table (starting at 72) would never apply to this situation. What the broker dealer indicated makes no sense as these tables (including the new tables effective in 2022) are easily accessible. See link below
Federal Register :: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions

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