RMD question
If i turn 70.5 in October and i take money out of my IRA (amount equal to my RMD for that year) in January (before i turn 70.5), will that count as my RMD since it was taken in the year that i turned 70.5?
If i turn 70.5 in October and i take money out of my IRA (amount equal to my RMD for that year) in January (before i turn 70.5), will that count as my RMD since it was taken in the year that i turned 70.5?
Permalink Submitted by Alan - IRA critic on Fri, 2017-08-25 15:25
Yes, it will count. Any distribution taken in an RMD distribution year is applied to that year’s RMD.