I believe you're fine.
He needed to take his RMD in 2025 which is what he did.
You then have to close the account by the end of the 10th year FOLLOWING the year of his death, so 12/31/2025. So you have to take your RMDs according to your age for 10 years (and take RMDs each of those years):
1. 2026
2. 2027
3. 2028
4. 2029
5. 2030
6. 2031
7. 2032
8. 2033
9. 2034
10. 2035
Another way of thinking about it is he took his 2025 RMD based on 12/31/24 balance.
Then you get the account and have to take your 2026 RMD based on 12/31/2025 balance.
If the account still exists in 2035 you have to take out 100% of the portfolio regardless of what the RMD would have been based on 12/31/2034 balance.
He needed to take his RMD in 2025 which is what he did.
You then have to close the account by the end of the 10th year FOLLOWING the year of his death, so 12/31/2025. So you have to take your RMDs according to your age for 10 years (and take RMDs each of those years):
1. 2026
2. 2027
3. 2028
4. 2029
5. 2030
6. 2031
7. 2032
8. 2033
9. 2034
10. 2035
Another way of thinking about it is he took his 2025 RMD based on 12/31/24 balance.
Then you get the account and have to take your 2026 RMD based on 12/31/2025 balance.
If the account still exists in 2035 you have to take out 100% of the portfolio regardless of what the RMD would have been based on 12/31/2034 balance.
Statistics: Posted by arcticpineapplecorp. — Tue Jan 06, 2026 8:57 am — Replies 2 — Views 85