age 72 rollover from 401k
Marge is 72 and has quit work – was an active participant in her 401k up till June 2008 – can she rollover 100% of her 401k and then start RMD’s next year from the IRA? Or will the RMD from her 401k be distributed before the rollover to IRA? Should she wait until 2009 to complete the rollover?
Permalink Submitted by Al Fry on Fri, 2008-07-25 18:13
This is her first distribution year, and RMDs are not rollover eligible. So shr needs to take an RMD from the 401(k) then do the rollover. She would have the same problem if she waited til 2009. Then she’d have to out two. one for 2008, one for 2009.