How can I get past question for amount of RMD if I do not have that information?
My 403b annuity contract was settled into a payment plan for life. I'm pretty sure that the payments are bigger than the RMD, but the company told me that they cannot tell me how much the RMD and that I should ask you.
01646
1 Replies
macuser_22
Level 15
May 31, 2019 8:00:22 PM
Virtually all pension plans in existence today fall under section 401 of the tax code and they all require RMD's after age 70 1/2. The question is just to be sure that the requirement was met. If you receive periodic (monthly) payments from any pension plan you can be assured that the custodian of the plan is meeting the requirements so you can safely answer "yes" to the question.
The answer to the question does not go on your tax return, it is simply to make sure you do not owe any penalty for not taking the RMD.