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Level 2
posted Jan 26, 2020 9:16:51 AM

401k Regular Payments

I am not sure if I check "yes" or "no" when asked if I got "regular payments" from my retirement account. I received tax only funds prior to reaching RMD 11/21/19. There was a mad rush to get 2019 RMD funds prior to 1/1/20. Nothing was regular for those 2 months and still aren't. When I click on "Learn More" it defines "Periodic Payments".  One is for a predetermined amount of time and the other is equal annual withdrawals (annuity?). Neither apply to me.  How should I answer?

0 2 697
2 Replies
Level 15
Jan 26, 2020 9:23:49 AM

Answer No.  In this context, "regular payments" means periodic payments received as an annuity.

Level 2
Jan 29, 2020 8:47:16 AM

Thanks for your quick response.  It stopped me from making calls to the IRS and/or my 401K Plan Administrator.