Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
Are you sure this is correct?

It is correct for your own IRA and for an IRA you inherit from your spouse.

I know it isn't correct for RMDs of an inherited IRA. For that, look up the divisor once, and each year thereafter you must reduce the divisor by 1.

You are also correct. The method you describe is correct for an IRA inherited from a non-spouse.

--Peter

PS - I the back of my mind I've got this nagging voice that is saying there are sometimes different methods of figuring the RMD from an IRA inherited from your spouse. Probably when the ages of the spouses are more than 10 years apart. But don't hold me to that one.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement