Common use of Spouse Beneficiaries Clause in Contracts

Spouse Beneficiaries. If you are the only beneficiary of the IRA, or if there are multiple beneficiaries and separate accounting applies, and you are the IRA owner’s surviving spouse, you may use your age each year to determine the life expectancy divisor for calculating that year’s RMD. If you are the only beneficiary, or if there are multiple beneficiaries and separate accounting applies, you, as surviving spouse, can postpone commencement of RMDs until the end of the year in which the IRA owner would have attained age 70½.

Spouse Beneficiaries. If you are the only beneficiary of the IRA, or if there are multiple beneficiaries and separate accounting applies, and you are the IRA owner’s surviving spouse, you may use your age each year to determine the life expectancy divisor for calculating that year’s RMD. If Also, you are may calculate your RMD by using the only beneficiarylonger of your single life expectancy, determined each year after the year of death using your attained age, or if there are multiple beneficiaries and separate accounting applies, you, as surviving spouse, can postpone commencement of RMDs until the end of the year in which by using the IRA owner would have attained age 70½.owner’s remaining single