Comments on: What is a Required Minimum Distribution (RMD)?

By: John Moehringer

John Moehringer — Thu, 15 Oct 2009 04:52:15 +0000

Good article but I still have a few questions..
1. I turned 70-1/2 in 2009, which normally means I would not have to take the RMD till April of 2010, although I have been advised to take the RMD in 2009 to avoid double RMDs in 2010. I assume I do not have to take any RMD in 2009..correct?
Question: What do I do in 2010? Is it considered year one in the RMD table of distribution rates?
Question: If it is considered year one and I use year one rate of RMD do all subsequent years follow suit?
Question: Does the April rule still apply although it has been pushed back one year?

By: sr club

sr club — Thu, 02 Apr 2009 15:28:48 +0000

are the ira contributions i made in 1982 thru 1986 considered after tax money in my ira account.

By: Resourceful

Resourceful — Tue, 24 Feb 2009 19:33:41 +0000

Please clarify. My husband and I both reach 70-1/2 in 2009. With the waiver we can delay RMD to 2010. My question, in 2010, and we going to have to take out for 2 years, 2009 and 2010,or just one RMD.

Waiting on your response.

By: Danielle

Danielle — Sat, 27 Dec 2008 21:24:13 +0000

This was interesting. I had assumed this suspending the RMD changes would only really benefit the well off, those who could afford to live without a distribution.

After reading this I realize that it goes even deeper than that, not allowing people to live off of less in these hard times.

Thanks for the explanation!