Age 70 1/2

[S T]

T/p will turn age 70 1/2 on 12/19/08, so she can elect to make a required minimum distribution in 2008 correct?

Or in the alternative take one distribution in 2009 for age 70 1/2 and then another distribution in 2009 for age 71 = 2 distributions. Age 70 1/2 distribution by April 1 and the age 71 distribution by 12/31.

I always have a problem on this, so is the above correct?

Thanks

Sandy

[Roland Slugg]

That is correct.

Also, if the 70½ distribution is taken in 2009 (NLT 4/1/09), the calculation of the RMD for the second distribution ... i.e. for age 71 ... should be based on her IRA's value as of 12/31/08 reduced by the amount of her year 2008 distribution if delayed until early-2009. In other words reduce her IRA's 12/31/08 value as if she had taken her age 70½ distribution in 2008.

[S T]

Thanks

Thanks Roland for the confirmation and the added info,

Sandy