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Greetings, Thebunster, and welcome. You asked:

<<If at 70 1/2 I take the MDR based on my husbands (beneficiary) age if he passes away or I divorce him can the MDR option be changed based on my childrens age?>>

No, the option chosen at the time minimum required distributions (MRD) begin is locked in stone forever. If you use a joint life expectancy with your spouse, and if that spouse later dies, you cannot then change to a joint life expectancy with a new beneficiary. You may designate a new beneficiary, but you just can't use that beneficiary for calculating subseqent MRDs. So, if you were using a joint life expectancy with your spouse under the recalculation method, then after your spouse dies you continue that recalculation based on just your life expectancy. If you were using the term certain method, then you continue with the remaining part of that term.

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