WebApr 12, 2024 · You mention you’re married, but you don’t say how old your wife is – and this can actually play a big part in Required Minimum Distribution (RMD) calculations. Because if she is the sole beneficiary of your IRA and she is more than 10 years younger than you, the IRS has a different ‘table’ that needs to be used to calculate your RMD. WebJan 7, 2011 · There is another table for IRA account holders with spouses 10 or more years younger where the spouse is name as the sole beneficiary. This table provides more …
Life Expectancy Payments as a Beneficiary Distribution Option
WebThe IRS requires that most owners of IRAs withdraw part of their tax-deferred savings each year, starting at age 73* or after inheriting any IRA account for certain individual … WebFeb 19, 2024 · A minor child of the account holder, a chronically ill or disabled spouse, or individual that is less than 10 years younger than the account holder can still stretch out … most humorous stories
New IRS Required Minimum Distribution (RMD) Tables - The …
WebMay 7, 2024 · The 10-year rule will kick in, requiring any remaining funds in the inherited IRA to be wholly distributed within ten years. During her ages of ten through 18, an RMD must … WebJan 28, 2016 · A spouse beneficiary 10 years younger results in the same RMD as a single person. The sole beneficiary spouse must be MORE THAN 10 years younger, and the … WebMay 17, 2024 · A.: Tim, yes, spouses are exempt from the new 10-year rule created in the SECURE Act. Most other beneficiaries are subject to the 10-year rule when inheriting IRAs, … mini computer with 2 hdmi ports