If during 2024 I move assets from my 401k to my IRA, will I have to make 401k RMD withdrawals based on my 401k value on 12-31-23 or a different value?
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Your 2024 RMD from the 401(k) is based on the 12/31/2023 value in the 401(k). This RMD is required to be completed from the 401(k) before rolling any other amounts over to an IRA.
Your 2024 RMD from the 401(k) is based on the 12/31/2023 value in the 401(k). This RMD is required to be completed from the 401(k) before rolling any other amounts over to an IRA.
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