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pa00761
New Member

Your system is saying I should have taken an RMD on my pension/retirement accounts....which is not true. You need to correct this or I cannot continue with your firm.

 
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Your system is saying I should have taken an RMD on my pension/retirement accounts....which is not true. You need to correct this or I cannot continue with your firm.

Monthly pension payments are an RMD. That is the way you answer the question regarding whether it is an RMD or not.

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2 Replies

Your system is saying I should have taken an RMD on my pension/retirement accounts....which is not true. You need to correct this or I cannot continue with your firm.

Monthly pension payments are an RMD. That is the way you answer the question regarding whether it is an RMD or not.

dmertz
Level 15

Your system is saying I should have taken an RMD on my pension/retirement accounts....which is not true. You need to correct this or I cannot continue with your firm.

Under the law, pensions are subject to the same minimum distribution requirements as other qualified retirement plans.  Your pension is structured such that you regular pension payments meet the RMD requirements and the entire pension payment is considered to be RMD.
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