eilano Posted March 15, 2006 Posted March 15, 2006 A widow has been receiving MRD's from her late husband's retirement accounts the last couple of years. For 2005, she did not receive the required MRD. Will she be required the pay the penalty for not taking the MRD even if she is under age 70? What needs to be done?
Bird Posted March 16, 2006 Posted March 16, 2006 So required minimum distributions to the husband had started during his lifetime? If not, then I don't think the payments to her were RMDs, since they wouldn't have to start until her age 70.5. If so, then I think she has to take the RMD now and pay the penalty. Ed Snyder
eilano Posted March 16, 2006 Author Posted March 16, 2006 Yes, RMD's started during his lifetime. Can his RMD be recalculated using her life expectancy since she is younger?
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