Beneficiary Required Minimum Distributions (RMD) - Spouse Inherited IRA Current Year

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The IRS Code provides special rules that apply when original account owner's beneficiary is his/her spouse. The surviving spouse has the option to treat the inherited account as his/her own or keep it as a spouse beneficiary IRA which has slightly different distribution requirements. The difference allows the spouse to start distributions when the original spouse would have been required to begin RMDs. If the surviving spouse is older than the account owner, this can delay when distributions must begin. Use this calculator to create a hypothetical projection of your future Required Minimum Distributions (RMD) as a spouse beneficiary.

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Beneficiary Required Minimum Distributions (RMD) - Spouse Inherited IRA Current Year Definitions

Calculation notes: **2024_RMD_CALCULATION_NOTE**
Life expectancy calculations: Life expectancy is determined using the Single Life Expectancy table for original account owners born before 1951 and the Uniform Life Expectancy table for original account owners born in 1951 or after. The age used to lookup life expectancy from the tables is the spouse beneficiary's age on December 31^st. The first year RMD for a spouse beneficiary is the year following the owner's death unless the original account owner died before RMDs were required. In this case the first RMD for the spouse beneficiary is the year that the original account owner would have attained the age for RMDs to begin. In all future years, once RMDs have begun, the remaining life expectancy is 'recalculated' each year based on the spouse beneficiary's age as of December 31^st of that calendar year.
Another option a spouse beneficiary can elect is to take an inherited account and treat it as his or her own. In this case, no distributions are required until the year in which the spouse reaches age 75 (or 70 1/2 if born before 7/1/1949, 72 if 7/1/1949 to 12/31/1951, 73 if born 1/1/1951 to 1/1/1960). This calculator will always assume that a spouse does not wish to treat an inherited IRA as their own.
Year of RMD: The year to calculate the Required Minimum Distribution (RMD). This is typically the current year. Change the year to calculate a previous year's RMD.
Beneficiary's name: Please enter the account beneficiary's name.
Beneficiary's birthdate: Please enter the account beneficiary's birthdate.
Name of account: Please enter the name of the account for this analysis.
Amount Subject to RMD: Mutual fund accounts use the previous year-end value. Variable annuity contracts use the actuarial year-end contract value, which may include living and death benefits, when determining the RMD amount. For variable annuity contracts, contact the issuing company for this information.
Date of the original account owner's death: Please enter the date of the original account owner's death.
Plan type: Please enter the plan type. The plan type can affect distributions if the account owner is younger than the beneficiary and RMDs have already begun.
Original account owner's birthdate: Please enter the original account owner's birthdate.