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Retirement tax questions
Yes, there is an RMD on a pension plan. However, your required minimum distribution is the minimum amount you must withdraw from your account each year- with a defined benefit plan, you do not control the amount you can withdraw and there is not a set amount for your balance.
The RMD rules apply to all employer sponsored retirement plans, including
profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans. The RMD rules also apply to traditional IRAs and IRA-based plans such as SEPs, SARSEPs, and SIMPLE IRAs.
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‎February 3, 2021
11:26 AM