MRDs

[Kjmkimball]

I am 72 and need to start MRDs on $2 million in my 401k at 73. My partner is 18 years younger than me and does not work. We live on my income of about $160k in pension, social security and investments. My question: If we get married I can use the more beneficial actuarial tables to calculate amount of MRD due each year. That would should spread the money over a longer period of time preserving investments for him should I die. We are willing to get married. Is the savings substantial enough to make it worthwhile?

[CatherineR]

Kjmkimball  Good day to you.

  Great job saving for retirement and now you want to make it last longer to possibly cover a spouse.  While the tax impacts should not be the only determination for marriage, here is a resource from the IRS that discusses RMD when a spouse is 10 years younger or more:

IRS RMD calculation

I would also recommend discussing this situation with a financial planner or attorney as part of your estate plans.  Best wishes on the decisions ahead!