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Inherited IRA and RMD's


kwalified

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There are 'basically' four distinct scenarios:
1) Participant dies on or after the Required Beginning Date and spouse is beneficiary
2) Participant dies on or after the RBD and spouse is not the beneficiary
3) Participant dies before RBD and spouse is the beneficiary
4) Participant dies before RBD and spouse is not the beneficiary 

Each of these has their own set of rules.  It helps to be able to determine the appropriate scenario and then apply the set of rules for that scenario.

Good Luck!

CPC, QPA, QKA, TGPC, ERPA

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On 12/18/2018 at 2:25 PM, Lou S. said:

Distributions will have to continue after death.

I agree.

Distributions must begin by 12/31 of the year, following the year of death.

If separate accounting occurs by 12/31 of the year, following the year of death., they can each use their own life expediencies to calculate post death distributions. If not, then the life expectancy of the oldest beneficiary must be used.

Life and Death Planning for Retirement Benefits by Natalie B. Choate
https://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/

www.DeniseAppleby.com

 

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