conovers
New Member

Retirement tax questions

Not true . the IRS does not require RMDs for defined benefit pension plan w monthly payments ... the TurboTax experts have mis-read / mis-understood the IRS regs on this; if it were true someone would be able to answer my question about how the RMD is calc'd;  for IRAs the calc is based on prior year end balance, life expectancy from IRS table, and IRS prescribed formula  ----- what would be thre year end balance for my defined benefit plan ???