I am a spouse beneficiary of the original IRA or Roth IRA owner.
If you inherited an IRA from your spouse, you have the choice of either moving the money into your own IRA or into an inherited IRA. The RMD rules are different for each choice and there's a limited amount of time you have to make your decision if you want to have all of the below options available to you, so consider your options carefully.1, 2
Spouse Beneficiary | Pre-Required Beginning Date | Post Required Beginning Date |
---|---|---|
Move your late spouse's IRA to your IRA and take RMDs | ||
Transfer your late spouse's IRA to an Inherited IRA in your name and delay RMDs until your late spouse would have reached age 73 | ||
Move your late spouse's IRA to an inherited IRA in your name and begin RMD withdrawals the year following the year of death based on your life expectancy each year. | ||
Move your late spouse's IRA to an inherited IRA in your name and begin RMD withdrawals the year following the year of death over the longer of your life expectancy or your spouse's remaining life expectancy | ||
Move your late spouse's IRA to an inherited IRA in your name and withdraw the balance by December 31st of the year containing the 10th anniversary of their death |
2. If you've inherited an employer sponsored plan you may have an additional option to calculate RMDs using the uniform life expectancy or the single life expectancy table within your inherited employer sponsored plan.