First Year RMD
Hello,
If the client is turning 70 1/2 this year, and is choosing to defer their RMD, will they be able to take a partial RMD for 2019 and then the remainder by April 1st 2020? Would there be any issue with this?
Thank you.
Hello,
If the client is turning 70 1/2 this year, and is choosing to defer their RMD, will they be able to take a partial RMD for 2019 and then the remainder by April 1st 2020? Would there be any issue with this?
Thank you.
Permalink Submitted by Alvin Young on Thu, 2019-05-30 17:30
should be fine…….see the middle of this link https://irahelp.com/slottreport/my-first-rmd Pretty sure that I’ve seen Alan…ira critic say the same thing……all or nothing the first yr (or anything in between).Just be sure to make up the difference by Apr. 1 the next yr and to take the 2nd yr RMD by 12/31 of that yr.sorry that link didn’t work but you can copy and paste it :https://irahelp.com/slottreport/my-first-rmd