Edward, age 60, and Bella, age 50, have been married 30 year…
Edward, age 60, and Bella, age 50, have been married 30 years. Edward died this year, leaving all of his assets to Bella. Bella opted to roll Edward’s IRA to her own in order to delay RMDs until she reaches age 75. Bella named her daughter Renee as the beneficiary. If Bella dies at age 80 when Renee is age 53, what beneficiary options does Renee have? Renee can continue distributions over the remainder of her life, based on Bella’s age in the year following the year of death and reducing by one each year. Renee can continue distributions over the remainder of her life, based on her own age in the year following the year of death and reducing by one each year. Renee can wait nine years and make a full distribution of the account. Renee can take minimum distributions for the next nine years and a full distribution in the tenth year. Edward, age 60, and Bella, age 50, have been married 30 years. Edward died this year, leaving all of his assets to Bella. Bella opted to roll Edward’s IRA to her own in order to delay RMDs until she reaches age 75. Bella named her daughter Renee as the beneficiary. If Bella dies at age 80 when Renee is age 53, what beneficiary options does Renee have?
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