My husband died in 2013 and I inherited his 401K. The mutual fund company administering the plan informed me that I need to take a Required Minimum Distribution for 2021 since he would have been 70-1/2 at the end of 2020. I was hoping I would not need to take an RMD until he would have turned 72 (in 2022). He did not take any RMDs and neither have I.
Since he died before the law raised the age for taking an RMD from 70-1/2 to 72, does it mean he would have been required to take an RMD when he would have turned 70-1/2 in 2020 and not when he would have turned 72 in 2022? I thought the age was raised to 72 if you were not 70-1/2 in 2019. He would have been 69 in 2019.
I should have rolled his inherited 401K into my own individual IRA but I unfortunately did not do so in 2013.
