72t/death/rollover

L1: 72t/death/rolloverAn individual who was in her early 50’s was taking SEPP distributions. She died and her husband (58) was her sole beneficiary of the IRA. Are the following options available to the husband:
1. Distribute some money from the IRA (ex. $100,000) which would be taxable at regular income tax rates but not subject to the 10% premature distribution penalty AND rollover the remaining balance of the IRA into an IRA under his name leaving the balance alone until he reaches 59 1/2, OR
2. Can the husband rollover the entire IRA and not take any distributions until he reaches 70 1/2, OR
3. Can the husbandrollover the entire IRA and begin own SEPP based on his own individual life expectancy?
any advice is much appreciated! thanks!2005-01-13 16:40, By: drh72thelp, IP: [216.166.25.150]

L2: 72t/death/rolloverI don’t know the answer to your ? but can tell me what sepp means?
thanx2005-01-13 19:02, By: b1t41jh, IP: [67.83.86.44]

L2: 72t/death/rolloverAll three of those are viable options. Just make sure that under option 1 that the money is distributed before the husband assumes the IRA.
SEPP, by the way, stands for Substantially Equal Periodic Payments.2005-01-14 07:31, By: Daz, IP: [12.163.3.10]