Beneficiary Required Minimum Distributions (RMD) - Spouse Inherited IRA

The IRS Code provides special rules that apply when original account owner's beneficiary is his/her spouse. The spouse beneficiary may elect to treat the inherited account as his/her own and Required Minimum Distributions (RMD) do not have to begin until the spouse beneficiary is age 75 (or 70 1/2 if you were born before 7/1/1949, 72 if you were born before 1/1/1951, 73 if you were born before 1/1/1960). The spouse beneficiary can also elect to not treat the inherited account as his/her own. Use this calculator to determine the Required Minimum Distributions (RMD) as a spouse beneficiary electing not to treat the inherited qualified retirement account as his/her own. This calculator only applies to the first-generation beneficiary not a second-generation beneficiary. In the event of the first beneficiary's death, the second beneficiary should contact their own tax advisor for information on the appropriate RMD calculation. This calculator has been updated for the SECURE 2.0 of 2022, the SECURE Act of 2019 and CARES Act of 2020.

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Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.