For a participant’s surviving spouse, or former spouse, who is the sole beneficiary of a plan participant who passed away after December 31, 2023, the default method for calculating the required minimum distribution (RMD) is to treat the spouse beneficiary as a plan participant (i.e.,...
It’s important to know that if your loved one was taking RMDs and had not yet taken the withdrawal for the year, the RMD must be taken before December 31. If you’re the beneficiary of the IRA, talk to your legal or tax advisor to help determine your best course of action. ...