No. of Recommendations: 2
FlaBuckeye: "Does this mean that I die, and my wife is the beneficiary to my IRA, that she has to take a total distribution within 5 years?

Doesn't seem fair."

No. Spouses that are benficiaries of an IRA from their spouse can roll it into their own IRA.

No other beneifciary may do so. If they roll it, it must by styled along the lines of IRA of John Q. Smith, deceased, for the benefit of (usually styled FBA) Jane D Smith.

Regards, JAFO

PS - IIRC, it also makes a difference whether the deceased had started taking RMDs or was young enough at passing that RMDs had not started.

PPS - I may have a .pd saved somewhere, but Schwab previously had good information - see e.g., AND
Print the post  


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.
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.