Kaneohe, yes there are several different possibilities as to what the correct initial beneficiary divisor would be, and rather than go into all of them I just mentioned that the 1.0 reduction that the parent was using should continue. There are factors that could affect what the parent’s correct initial divisor would have been. Note that the parent here was not the owner, and I assumed they were a designated beneficiary of the owner. You are correct that if the parent was older than the owner AND the owner passed on or after the RBD, the age of the owner would determine the parent’s initial divisor, to then be reduced by 1.0 each year by the successor beneficiary just as the parent would have done.
- This reply was modified 2 years, 8 months ago by Alan S..