I have read that if I have been receiving monthly pension payments that my total annual amount is my MRD. I am 73 years old and have been receiving these payments since 2013. Yet when I called my pension administrator to verify, they said that there is no MRD. So I entered 0, but am not sure if that's correct.
Also, I'm stuck on the question on the Annuity Information section where it asks for my plan cost. I have read that the amount in box 9b is the plan cost, although it's blank on my 1099-R form. So does that mean it's 0?
Thanks for any help you can provide.
Some retirement plans don't have a required minimum distribution, such as defined benefit plans where you receive a monthly pension distribution, but once you die there is no residual pension left over, except for a spousal benefit. That may be the type of plan you have, in which case your required minimum distribution (RMD) would be $0. Your plan cost would be what you contributed to it. If there is no entry in box 9(b) then you probably didn't contribute anything to it from your wages, as your employer may have made all of the contributions.