RMD
Client will turn 70 half in march of 2009. Does this mean she has to take a distribution before 4-1-09 and then another rmd by 12-31-09?
or does she just take out the rmd for 2009 by 12-31-09?
Sincerely,
doug
Client will turn 70 half in march of 2009. Does this mean she has to take a distribution before 4-1-09 and then another rmd by 12-31-09?
or does she just take out the rmd for 2009 by 12-31-09?
Sincerely,
doug
Permalink Submitted by Alan Spross on Tue, 2008-07-29 22:36
Doug,
She has a choice here.
1) Take her 2009 RMD before 12/31/09
or
2) Defer the 2009 RMD to 2010 since her RBD is 4/1/2010. The RBD is 4/1 of the year FOLLOWING the year client turns 70.5. If she does that, there will be two RMDs in 2010, the deferred one from 2009 and the regular 2010 RMD.