RMD on IRA if move to 403b after RBD
I believe I know the answer to this but just want to verify.
Employee turned 70.5 in July of this year. Still working, not a 5% owner. She has an IRA outside of 403b plan. Since it is past RBD, if she rolls IRA to 403b will she be required to take RMD for this year from IRA first?
Thanks in advance!
NIck
Permalink Submitted by Alan - IRA critic on Tue, 2015-10-06 18:00
Nick, yes. Or from other IRA accounts if she has them since an IRA RMD can be satisfied from any of the accounts.