IRA Owner Turned 70 1/2 in March 2009
Roy turned 70 1/2 March 13, 2009. His RBD is April 1, 2010. He did not take a distribution in 2009. The rules do not change the RBD. According to an example in the April 2010 newsletter, page 2, Example 2, Roy would have to take a distribution by December 31, 2010. Why isn’t the date either April 1, 2010 or April 1, 2011?
John
[email protected]
Permalink Submitted by Alan Spross on Wed, 2010-04-28 22:23
The April RBD date only applies to the first distribution year. But for Roy that was 2009 and all 2009 RMDs were waived by Congress. For his 2010 RMD the normal rules apply which just require him to take the RMD before the end of the year. Therefore, he can just forget all those April dates.