RMD From 401k
Post RMD age individual leaves service and rolls 401k to IRA. Is the plan required to send RMD at time of rollover or is up to owner to take it then, or anytime later that year? Thanks,
Post RMD age individual leaves service and rolls 401k to IRA. Is the plan required to send RMD at time of rollover or is up to owner to take it then, or anytime later that year? Thanks,
Permalink Submitted by Alan - IRA critic on Tue, 2018-05-15 17:03
Since a direct rollover to an IRA is a distribution, the RMD must be distributed earlier or at the same time as the rollover, and cannot be included in the amount rolled over.
Permalink Submitted by Brian Kuhn on Tue, 2018-05-15 17:21
Thanks