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?
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:
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!