RMD
If someone terminated employment 3/19, at age 72, are they required to take an RMD from their 403(b) account after rolling it over to an IRA in 2019 also? If so, when is it due?
If someone terminated employment 3/19, at age 72, are they required to take an RMD from their 403(b) account after rolling it over to an IRA in 2019 also? If so, when is it due?
Permalink Submitted by Alan - IRA critic on Wed, 2020-01-22 17:29
There should have been a 403b RMD distributed prior to the direct rollover. However, if you have more than one 403b, the 2019 RMD can be satisfied for all of them in any combination. Most plans would distribute your RMD unless you tell them that it was already satisfied from another 403b.