401K Rollover to an IRA RMD needed
My client already has taken his 2018 RMD. He is looking at doing a partial rollover to an IRA this next week. When the funds move to the IRA I am assuming that no further RMD is required from the new IRA. He also has two other exisiting IRA’s that he will take 2018 RMD’s from. I just want to make sure by rolling over funds he won’t have to take another RMD on the newly established IRA. Thank you for your help!
Permalink Submitted by steve harper on Fri, 2018-01-12 19:03
To clarify the rollover is coming out of his 401K from where he has already taken his 2018 RMD