Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 15, 2021 10:25:35 AM

RMD requirements

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.

0 1 504
1 Replies
Expert Alumni
Mar 15, 2021 10:43:56 AM

No, your monthly pension payments do not count as RMDs for your IRA accounts.

 

Please read this IRS document for more information.