Spouse Inherited IRA

Submitted by Gregg Guiol on Tue, 2023-09-26 15:17

Quick question ,,,

Husband passed away this year and his 2023 RMD was distributed to the spouse (she was beneficiary and took over account) … The spouse does not have an RMD requirement (she previously did not maintain an IRA) until next year (2024) correct ??

Thanks

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Permalink Submitted by Alan - IRA critic on Tue, 2023-09-26 15:28

Correct. If the spouse now owns the IRA, RMDs do not start until 2024 or until spouse reaches RMD age if later, but if the spouse is under 59.5 and maintaining the IRA as a beneficiary a single life table RMD will be due starting in 2024.