Are funds received monthly from the teacher retirement system periodic pahments

lanemeador · ‎June 6, 2019

If I only receive a monthly retirement check, do I have a RMD?

ToddL · ‎June 6, 2019

Your monthly retirement checks from the Teachers Retirement System are considered Required Minimum Distributions (RMDs).

Technically, any monthly pension payment is considered a Required Minimum Distribution (RMD) and the entire amount is an RMD. That is how you need to answer the questions. Therefore, you may simply select "yes" to the RMD 1st question. You will also be asked if the amount reported is paid periodically in equal amounts. By selecting "yes" the RMD requirements are met and you may continue with the tax preparation.

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ToddL · ‎June 6, 2019

Your monthly retirement checks from the Teachers Retirement System are considered Required Minimum Distributions (RMDs).

Technically, any monthly pension payment is considered a Required Minimum Distribution (RMD) and the entire amount is an RMD. That is how you need to answer the questions. Therefore, you may simply select "yes" to the RMD 1st question. You will also be asked if the amount reported is paid periodically in equal amounts. By selecting "yes" the RMD requirements are met and you may continue with the tax preparation.