Spousal IRA RMD
Wife was named beneficiary on spouses 401k and IRA. Husband died April 2007, he was 69 years old. Wife is 72. She rolled spouses 401k and IRA to her IRA in 2007.
Was she required to take RMD in 2007? What date is used to determine account value for RMD calculation?
Permalink Submitted by Al Fry on Wed, 2008-01-02 19:37
There should not be an RMD on his plans since he was under 70 1/2. And she did not own them on 12.31.06, when her RMD balance was determined. In 2008, she will use the 12.31.2007 balances to determine her 2008 RMD. Reference IRS Pub. 590, p. 35.