RMD prior to transfer
I have a client who would like to move her traditional IRA from Merrill to Vanguard. She is 74 years old.
Does she need to take her RMD for tax year 2007 prior to transferring the account to Vanguard?
I have a client who would like to move her traditional IRA from Merrill to Vanguard. She is 74 years old.
Does she need to take her RMD for tax year 2007 prior to transferring the account to Vanguard?
Permalink Submitted by [email protected] on Tue, 2007-07-24 21:59
Legally, she does not have to. but many custodians contine to require it. Al