I have several IRA accounts that I need to take a yearly RMD from. I use the government RMD table to take out the minimum each year. When I retired I also got a pension from the company I worked for. This is a set amount each month of which I have no control over. I did not contribute any pre or post tax money to this. My question is this: can the monthly pension be considered an RMD and factored in to the total amount that I need to take from the IRA pre tax accounts that I have? By doing this I would need to take less from the IRA pre-tax accounts since the monthly pension money would be factored into the total amount required to be taken each year,
Thanks for your help and advice.
You'll need to sign in or create an account to connect with an expert.
No, your monthly pension payments do not count as RMDs for your IRA accounts.
Please read this IRS document for more information.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
madelineanson1
New Member
cakillorin7
New Member
adam-fanning2
New Member
user17717051815
Level 1
svantiexeira
New Member