Thank you @dmertz. @Opus 17 and everyone,
Yes, so I am tired of dealing with my bank, and I'm going to do my husband's Traditional IRA RMD from the other financial institution.
Now, regarding the my RMD for both TRA and ROTH Inherited IRAs (not Assumed or rollover), I found these below in IRS website.
Death of the account holder occurred in 2020 or later
Spousal beneficiary options
If the account holder's death occurred prior to the required beginning date, the spouse beneficiary may:
- Keep as an inherited account
- Delay beginning distributions until the employee would have turned 72
- Take distributions based on their own life expectancy
- Follow the 10-year rule
- Roll over the account into their own IRA
If the account holder's death occurred after the required beginning date, the spouse beneficiary may:
- Keep as an inherited account
- Take distributions based on their own life expectancy, or
- Rollover the account into their own IRA
Inherited Roth IRAs
Generally, inherited Roth IRA accounts are subject to the same RMD requirements as inherited traditional IRA accounts. Withdrawals of contributions from an inherited Roth are tax free. Most withdrawals of earnings from an inherited Roth IRA account are also tax-free. However, withdrawals of earnings may be subject to income tax if the Roth account is less than 5-years old at the time of the withdrawal.
So, my understanding is...
I am not subject to the 10-year window RMD requirement, *since my husband's death occurred this year
I am subject to the same RMD requirement for inherited Roth IRA as Tra IRA, and earnings portions are also not subj to tax because the Roth accounts are more than 5 years old
am I correct?
I was told by a rep from the other institution that I would need to complete the RMD within 10 years...
In any case, whether I am subject to 10-year rule or not, I only have a few more years until 59 1/2 yo.
But if I am NOT, then can I still leave somewhat amountand keep RMD over 10 years period in the inherited IRA accounts ? *Just curious...
Thank you
