Markus7
New Member

Retirement tax questions

Thanks for the quick response.  The MIL RMD was indeed for the full amount and was done before her death.  My reading of this forum and IRS info suggests that an RMD is required for my wife as the designated beneficiary, however the timing of such a RMD is in question.  While it can be done after the MIL death and before the end of the same year of death, it is required no later than the end of the year following the MIL death.  Additionally, the computation of a new RMD appears to be based upon my wife's age and whether that computed amount is greater that a RMD based upon her deceased mother's age, correct?