Retired 74-year-old questions 401(k)s

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first RMD withdrawal

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Business & Economics

Ask an Advisor: I Inherited a 401(k) From My Late Wife. When Am I Required to Take RMDs?

Summary

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79% Informative

The date and amount of that first required minimum distribution (RMD) depend on what you decide to do with the inherited 401(k) The answer will vary based on whether you choose to take RMDs on her account.

As long as you take your first RMD by Dec. 31 of the year your wife would have turned 73 , you should avoid penalties.

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informal

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English