RMD timing

[jf313]

Are the taxes on RMDs more if taken monthly vs. once a year?

[marctu · Accepted solution]

Since RMD is calculated for a full tax year, it should not make a difference if you take the RMD in a lump sum during the tax year or if you take it on a monthly, quarterly or something else.  Since the sum of the smaller payments during the tax year equal the RMD amount if it was done in a lump sum, the income and the tax would be the same.

Thanks again for the question @jf313   

All the best,

Marc 

Employee Tax Expert