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RMD AT Age 72

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    RMD AT Age 72

    Client was age 72 in 2016 and worked (W-2 Earner) until 12/08/2016.
    Previously never took an RMD from 401-K. Am I to understand that, because
    she was still working, her initial RMD was not due til 4/01/2017? Hence, no
    RMD was required for 2016 or previous?

    #2
    Originally posted by Consultant View Post
    Client was age 72 in 2016 and worked (W-2 Earner) until 12/08/2016.
    Previously never took an RMD from 401-K. Am I to understand that, because
    she was still working, her initial RMD was not due til 4/01/2017? Hence, no
    RMD was required for 2016 or previous?
    "Beginning date for your first required minimum distribution
    IRAs (including SEP and SIMPLE IRAs)
    April 1 of the year following the calendar year in which you reach age 70.

    401(k), profit-sharing, 403(b), or other defined contribution plan
    Generally, April 1 following the later of the calendar year in which you:
    reach age 70, or retire."

    reference for above:
    https://www.irs.gov/retirement-plans...ributions-rmds
    Always cite your source for support to defend your opinion

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      #3
      Thanks

      Thanks for the info

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