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Level 1

Solved

pensions and RMD

2 replies
58 views

if you take a pensions with monthly payments, is this monthly pension considered to be all of the required RMD for that pension

VolvoGirlAnswer

Level 15

Yes. Say all of it is the RMD. If you need to start taking the RMD it will ask you if it is the RMD. Say yes. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So for the RMD question put in the same amount as box 1.

Alumni - Intuit

Yes. A pension plan automatically ensures you get the RMD.

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VolvoGirlAnswer

Level 15

Yes. Say all of it is the RMD. If you need to start taking the RMD it will ask you if it is the RMD. Say yes. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So for the RMD question put in the same amount as box 1.