topic How can my answer be more helpful? in Retirement tax questions

I HAVE RECEIVED A FORM 1099R FOR A RETIREMENT FROM MY EMPLOYER, DOES THE 701/2 AGE APPLY TO MY REGULAR RETIREMENT?

abe2san2 — Sat, 01 Jun 2019 20:05:37 GMT

DOES THE IRS TREAT DISTRBUTIONS FROM A PENSION THE SAME AS 4O1K'S?

Pension/retirement income is an RMD if you are age 70 1/2...

DoninGA — Sat, 01 Jun 2019 20:05:38 GMT

Pension/retirement income is an RMD if you are age 70 1/2 or older.

Yes. When referring to a retirement account, MRD stands...

Coleen3 — Sat, 01 Jun 2019 20:05:39 GMT

Yes.

When referring to a retirement account, MRD stands for minimum required distributions, which are mandatory withdrawals you must take from certain retirement accounts after you reach age 70 1/2. If you have reached this age, and you have one of the following accounts, you would need to consult with the account provider to ensure, you are receiving the proper amount to comply.

Basically, MRD requirements apply to any accounts that you contributed to on a pre-tax basis, or that contain tax-deferred investment gains. This includes, but is not limited to:

These minimum distribution rules apply to:

traditional IRAs
SEP IRAs
SIMPLE IRAs
401(k) plans
403(b) plans
457(b) plans
profit sharing plans
other defined contribution plans

How can my answer be more helpful?

Coleen3 — Sat, 01 Jun 2019 20:05:40 GMT

How can my answer be more helpful?

Re: How can my answer be more helpful?

bgoodreau01 — Fri, 31 Jan 2020 02:55:49 GMT

Your answer did not list a "defined pension" plan as a qualified plan. Is it?

And if monthly payments from this pension are considered RMD's, does the IRS longevity tables apply or is 100% of the monthly payments considered the RMD?