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If retired at age 62, receiving monthly payments from State of Oregon PERS plan, now at 70 1/2 there should be no RMD to collect, right?

 
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If retired at age 62, receiving monthly payments from State of Oregon PERS plan, now at 70 1/2 there should be no RMD to collect, right?

Once you reach age 70.5 the tax software asks that about any 1099-R you enter.  

For a pensions paying out monthly, you just start saying Yes that it was an RMD and all of it was an RMD.

Even for regular pension payouts, an RMD is required...but you have no control over it...and the pension provider is paying you the appropriate RMD.

________________________

You only need to worry the proper RMD for things like IRA payouts..or 401k payout here  you control what $$ are distributed.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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If retired at age 62, receiving monthly payments from State of Oregon PERS plan, now at 70 1/2 there should be no RMD to collect, right?

Once you reach age 70.5 the tax software asks that about any 1099-R you enter.  

For a pensions paying out monthly, you just start saying Yes that it was an RMD and all of it was an RMD.

Even for regular pension payouts, an RMD is required...but you have no control over it...and the pension provider is paying you the appropriate RMD.

________________________

You only need to worry the proper RMD for things like IRA payouts..or 401k payout here  you control what $$ are distributed.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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