RMD age 70 1/2
I have a client who turns 70/12 in 2011. He has a RMD requirement for approxiamtely $8,400 for 2011. Can he take $5,000 in 2011 and then take remaining $3,400 in 2012 prior to the April 1st required beginging date? Of ourse the $3,400 would not count towards the 2012 RMD.
Permalink Submitted by Alan Spross on Sun, 2011-02-06 23:23
Yes, he can do that. Any amount he withdraws this year automatically counts toward his 2011 RMD, and it just reduces the amount he can defer to 2012 prior to the RBD. Sometimes splitting the first year RMD up this way is good tax management. But he cannot change his mind and roll the first distribution back since it is deemed to apply to his 2011 RMD.