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. Also, you may calculate your RMD by using the longer of your single life expectancy, determined each year after the year of death using your attained age, or by using the IRA owner’s remaining single

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. AlsoIf you are the only beneficiary, you may calculate your RMD by using or if there are multiple beneficiaries and separate accounting applies, you, as surviving spouse, can postpone commencement of RMDs until the longer end of your single life expectancy, determined each year after the year of death using your attained age, or by using in which the IRA owner’s remaining singleowner would have attained age 70½.