Non spouse rollover of inherited ira or plan getting your financial ducks in a row says.
Single life expectancy table for inherited iras.
Based on the irs single life expectancy table 37 9.
May 27 2009 at 9 53 am life expectency is generally determined in these cases by the irs single life table also known as table i which you can find by clicking this link.
That factor is reduced by one for each succeeding distribution year.
Single life expectancy rmd table for inherited iras for cal cu lat ing post death required dis tri b u tions to ben e fi cia ries from irs pub li ca tion 590 age of.
Spouse may treat as his her own or distribute over spouse s life using table i use spouse s current age each year or distribute based on owner s age using table i use owner s age as of birthday in year of death reduce beginning life expectancy by 1 for each subsequent year.
This table is the life expectancy table to be used by all ira owners to calculate lifetime distributions unless your beneficiary is your spouse who is more than 10 years younger than you.
Life expectan cy in years age of.
Ira or plan ben e fi cia ry.
The information provided by fidelity investments is general in nature and should not be considered legal or tax advice.
Fidelity does not provide legal or tax advice.
Determine the appropriate life expectancy as follows.
2016 life expectancy factor will be for all beneficiaries using oldest beneficiary date of birth based on the irs single life expectancy table 13 4.
7462 68 100 000 13 4.
If the beneficiary is an individual to figure the required minimum distribution for 2020 divide the account balance at the end of 2019 by the appropriate life expectancy from table i single life expectancy in appendix b.
Spouse beneficiaries who do not elect to roll the ira over or treat it as their own also use the single life table but they can look up their age each year.
Ira owner dies on or after required beginning date.
Clients overwhelmingly choose to convert to an inherited ira and take life expectancy payments says retirement planning expert stephen rischall co founder of 1080 financial group in sherman.
2 638 52 100 000 37 9 2016 rmd amount using oldest beneficiaries le.
In that case you would not use this table you would use the actual joint life expectancy of you and your spouse based on the regular joint life expectancy.
Life expectan cy in years age of.
Designated beneficiaries use this single life expectancy table based on their age in the year after the ira owner s death.
