Deceased participant, spouse is sole beneficiary

I have come to really dislike RMD questions. However, here goes:

Participant dies in 2023. Already taking RMD's. Spouse, who also works at the same company and is a participant, took his RMD in 2023, and then "moved" the balance of his account to her account in the plan. She is younger - late 60's. As I understand it, she can treat this money as her own, and no further RMD's are required until HER RBD. Have I got that right?

On 9/18/2024 at 10:18 AM, Belgarath said:

I have come to really dislike RMD questions. However, here goes:

Participant dies in 2023. Already taking RMD's. Spouse, who also works at the same company and is a participant, took his RMD in 2023, and then "moved" the balance of his account to her account in the plan. She is younger - late 60's. As I understand it, she can treat this money as her own, and no further RMD's are required until HER RBD. Have I got that right?

You are right. Her election to move it to her own IRA in 2023 is effective 2023. Therefore, the only RMD that she needs to take is his, if he did not take it.