calulating RMD

Submitted by Jon Heller on Thu, 2017-03-16 15:23

I have a client who has a 401k that we have rolled into an IRA. She turns 70 1/2 in 2017. Her 401k included after tax contributions of which were not rolled into the IRA. Do I use the balance on her statement for the RMD calc or do I reduce by the after tax contributions to calculate the RMD. Thanks



Submitted by Alan - IRA critic on Thu, 2017-03-16 21:07

  • There are different implications of this depending on circumstances. When did client retire, and was the 401k rollover to IRA done in 2017 or prior?  Where is the after tax 401k money now?  This is needed to determine if any 401k RMD money is included in these distributions that were therefore not allowed to be rolled over.
  • I think you are asking how to calculate the IRA RMD for 2017. That also hinges on the questions above.

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