3619069
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

halfhaas1
New Member

Is there a Required Minimum Deduction taken from a small retirement with PERS having worked as a teachers aid? I've never been asked that before

I was told how much I would received when I quit several years ago...nothing mentioned about RMD and nothing has changed except COLA increases
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MaryK4
Expert Alumni

Is there a Required Minimum Deduction taken from a small retirement with PERS having worked as a teachers aid? I've never been asked that before

Yes, the RMD rules apply to all employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans. 

 

A defined benefit plan generally must make RMDs by distributing the participant's entire interest in periodic annuity payments as calculated by the plan's formula for:

  • the participant's life,
  • the joint lives of the participant and beneficiary, or
  • a "period certain" (see Treas. Reg. §1.401(a)(9)-6, A-3).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question