can u split rmd withdrawals
clients birthdate is 9-30-1937. she was 70 1/2 in march 30, 2008. She started taking her rmd.
however, since the market is down, she would like to stop and use her rbd to take the rest out for 2008 in 2009 before april 1,2009. The she would take the 2009 rmd out before the 31st of dec 2009.
I said you can’t do this. am i right or can she?
thank you for clarification,
Doug
Permalink Submitted by Alan Spross on Wed, 2008-10-22 19:56
Doug,
Yes, she can do this. The only requirement is that she take the full 2008 RMD no later than 4/1/09. If she chooses to split the RMD between the two years, that is OK. She gets credit for the amount that she distributed in 2008 against her total 2008 RMD, and the rest must come out by 4/1.