One way to reduce the distribution is to make a one time switch to the RMD calculation method. If the account balance is around the same as when the plan began, this switch will reduce the distribution around 35 or 40% of what it was. A new calculation must then be made for each new calendar year until the plan ends. If you have not yet taken your 2014 distribution OR have taken an amount less than the RMD method, you could make the switch effective 1/1/2014 instead of waiting until next year. Another option applies only to the last calendar year of a plan under which you have already taken at least 60 months worth in earlier years. In that case, you do not have to take anything out in your final calendar year. You can also do this if you have switched to the RMD method in an earlier year.

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