he 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.
Buy we do have to answer the IRS tax questions truthfully and accurately. So what is the correct, since TT has the section screwed up. Is it YES, which is inaccurate in this case, or NO, and deal with issues and more questions. A little TT help would be appreciated.
