Ads
related to: rmd spouse 10 years younger calculator
Search results
Results from the WOW.Com Content Network
Take note that calculating your RMD works a bit differently if your spouse is the only primary beneficiary to your account and is more than 10 years younger than you.
If your spouse is more than 10 years younger, you can name them as the sole beneficiary of your retirement account, which allows you to calculate your RMDs using your spouse’s longer life ...
The Uniform Lifetime Table is designed for unmarried IRA owners, married IRA owners whose spouses aren’t more than 10 years younger than they are and married owners whose spouses aren’t the ...
One of the biggest advantages to investing in a qualified retirement plan like a 401(k) or an individual retirement account (IRA) is tax-deferred growth on your savings. But you can’t keep ...
How to calculate a required minimum distribution. ... the spouse is not more than 10 years younger or the spouse is not the sole beneficiary of the holder’s IRA.) ... Your required minimum ...
Note that the above RMD table also doesn’t apply to you if you have a spouse who is the sole beneficiary of your IRA and who is more than 10 years younger than you.
There are a few exceptions to the rule for qualifying beneficiaries such as spouses, minor children, and beneficiaries who are less than 10 years younger than the account's original owner.
That means if your spouse also has a sizable IRA, you can contribute up to $210,000 as a couple, all while reducing your RMDs. The QCD is a smart way to give to charity, even if you aren't going ...
Ads
related to: rmd spouse 10 years younger calculator