I’m 75 and taking my RMDs, as is my spouse. But if I die, and he inherits my IRA, how do we minimize the tax impact?
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Inherited IRA RMDs
The IRS uses three life expectancy tables for various RMD situations, but the one that applies to inherited IRAs is called Table I (Single Life Expectancy). You can find it in Appendix B of IRS ...
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Here's How to Find Your Way Out of the Inherited IRA Maze
After RBD. Money will be rolled into an inherited IRA. There is an annual RMD requirement in years one to nine, post-death. This amount is based on the IRS single-life expectancy table.
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Ask Bob: Can I Skip My 2023 RMD If I Inherited an IRA?
I inherited an IRA in 2022. The financial institution ... you would use your life expectancy factor under the IRS Single Life Table based on your age in 2023 and subtract 1 from that.
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4 Steps to Follow to Accurately Calculate Your RMD If You Have Multiple Retirement Accounts
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Inheriting a Spouse’s Roth IRA: Which Option To Choose
a 72-year-old would have a single life expectancy of 17.2 years. You can calculate your life expectancy using the official IRS tables. One potential advantage of opening an inherited IRA is that ...