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MrAEG
New Member

RMD

How do you find out which item for the RMD you are to check to answer if your former employer nor the IRS can tell you?

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2 Replies

RMD

Are you asking how to calculate the Required Minimum Distribution from an IRA?

Please provide more information about your question.

Info about RMDs is provided here

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-required-minimum-distributions

Worksheet to help you calculate RMDs are available here

https://www.irs.gov/retirement-plans/plan-participant-employee/required-minimum-distribution-workshe...

 

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ColeenD3
Expert Alumni

RMD

You asked, "How do you find out which item for the RMD you are to check."

 

Which item are you referring to? 

 

If you have reached the required age, then you need to take an RMD.

 

RMD stands for required minimum distribution.

It's the minimum amount of money you're required to take out of your retirement plan once you turn 72.

RMD rules apply to all employer-sponsored retirement plans, such as pensions, profit-sharing, 401(k), 403(b), and 457(b) plans, as well as Traditional IRAs and IRA-based plans, such as SEPs, SARSEPs, and SIMPLE IRAs. However, RMDs aren't required for Roth IRAs while the owner is still alive.

 

Your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 72 years young, you can be almost certain you received an RMD. Check with your plan administrator if you're still not sure.

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