Permalink Submitted by Alan Spross on Tue, 2009-12-15 22:42
They do not have to act unless they DO want the waiver extended. Doing nothing just reinstates the prior RMD requirements and there is nothing pending at present in Congress to extend the waiver. There is a tax extenders bill in Congress but it does NOT address continuing the waiver. The stock market recovery is probably the largest single reason why an extension is off the table. I would estimate the odds that RMDs will be required in 2010 at 95% plus.
Permalink Submitted by tomd37 on Tue, 2009-12-15 22:18
As of this time RMDs resume in 2010.
Permalink Submitted by Alan Spross on Tue, 2009-12-15 22:42
They do not have to act unless they DO want the waiver extended. Doing nothing just reinstates the prior RMD requirements and there is nothing pending at present in Congress to extend the waiver. There is a tax extenders bill in Congress but it does NOT address continuing the waiver. The stock market recovery is probably the largest single reason why an extension is off the table. I would estimate the odds that RMDs will be required in 2010 at 95% plus.