RMD in year of roll over age 72 still working
Client age 72 is still currently working, In April of this year she rolled out most of her 401k balance from current employers plan to an IRA. The administrator said she was not required to take an RMD. When does she have to take her first RMD? She has no other IRA’s (I didn’t recommend this btw).
Permalink Submitted by Alan - IRA critic on Mon, 2014-11-03 23:39
If client works through the end of this year, there is no 401k RMD due, and the first IRA RMD will not be due until 12/31/2015 and it will be calculated using the 12/31/2014 IRA balance.