Just inherited a client that needs to begin RMDs in 2010. Upon reviewing her accounts, previous advisor put all IRA monies into two REITs. While researching the REITs, found out that both have had their liquidity features suspended indefinetly (no current liquidity and no foreseeable liquidity event – direct statements from the companies). They are both still paying dividends but they are very low and will not come close to the RMD needed. I am stumped! Is she just going to have to pay the penalty for not taking the full RMD? Any advice is appreciated!