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posted Mar 19, 2022 9:55:25 AM

FOR YEARS A MONTHLY PENSION PAYMENT HAS BEEN RECEIVED. NO MENTION OF RMD DO I HAVE TO CALCULATE HOW MUCH RMD IS REQUIRED

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2 Replies
Level 15
Mar 19, 2022 9:56:28 AM

The entire pension payment is an RMD.

Level 15
Mar 19, 2022 4:58:07 PM

@paulusg 

If you just reached age 72 this last year, the RMD question will now be asked every year for 1099-R forms.

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If you have traditional IRA, or 401k accounts, and you have reached age 72....those will now require you to remove calculated $$ amounts from those accounts every year.  (with some occasional exceptions for 401k's where the person is still working for that employer offering the particular 401k)

 

But as @DoninGA  indicated, the 1099-R for the total of your monthly pension...is an RMD (and was automatically determined by the pension provider)