UNDISTRIBUED RMD IN THE YEAR OF DEATH –
01.Core Concepts
DEATH AFTER 2019: AFTER RBD • Multiple beneficiaries on one account • Balance of RMD for year of death can be satisfied by any beneficiary. • Equally or unequally among beneficiaries • Effective in 2025 • Multiple accounts with different beneficiaries • Pro-rata distribution between accounts INELIGIBLE BENEFICIARY - DEATH AFTER 2019: AFTER RBD Ineligible Beneficiary • Death occurred after RBD: • Continue annual RMDs with full distribution by December 31st of the year containing the 10th anniversary of the participant’s death • Annual RMD calculated based on beneficiary’s single life expectancy in year following year of death (reduce by one)