JohnB5677
Employee Tax Expert

Get your taxes done using TurboTax

The attorney is correct.  The reason for an RMD (Required Minimum Distribution) is that the IRS wants to get the taxes that have accumulated in the money saved in 401-K's, IRA's and other retirement vehicles.   

 

Pensions do not have a pool of money that is designated specifically for you.  Pensions end when you pass, (some plans allow for a spouses continued benefit at a reduced rate).  There is no accumulation of wealth for the IRS to tax.  So, if you have a pension, you do not have to be concerned about RMDs.

@LB641 

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