Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 3
Mom was 80, so she was into RMDs. And she also discovered that she didn't have to take one in 2009, which she didn't.

She was correct. Beneficiaries are never required to take an RMD in the year of the account owner's death.

With the inherited, the RMD is not much at all. We can take the RMD over the next 20, 30 years or so years. However, if we would happen to need some extra money in year 3, we can take more than the minimum out.

I imagine you're just using year 3 as an example, but for lurkers, when you're taking an inherited IRA over the beneficiary's life expectancy, you can always take more than the RMD without any consequence other than paying the income tax. The RMD is recalculated annually based on the prior year-end balance.

I was confused too. And am still confused.

It sounds like you understand fine, but if there are further questions, check Pub 590 and feel free to ask away.

Rule Your Retirement Home Fool
Print the post  


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.
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.