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Retirement tax questions
IF it is a pension you have been receiving already, where you receive regular/monthly payments every year...and are just getting what the pension administrator provides to you....then the total amount is exactly your RMD... no more-no less.
The only time the RMD would be less than the distribution...is if they allowed you to take EXTRA out of it at your request.
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The only other times you have to be careful about RMDs (if it wasn't inherited) is for things like 401k, TSP, and IRA accounts, where YOU tell the provider how much you want to take out. That amount might be more....or less than the required RMD....unless you carefully arranged it to be exactly the RMD for your age.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 28, 2020
11:03 AM