RMD from 403(b)
Taxpayer is in a 403(b). He is over 70 1/2. He retires December 31 of 2011. When must he take RMD?
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11/09/11 10:19am PST
Viewed by asker 11/10/11 5:58am PST
Viewed by asker 11/10/11 5:58am PST
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IRMN
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The solution
Minimum distribution. If your account balance is to be distributed, the plan administrator must determine the minimum amount required to be distributed to you each calendar year. Information to help you figure the minimum distribution amount is included in Publication 575.
The required beginning date is April 1 of the first year after the later of the following years:
- Calendar year in which you reach age 70½.
- Calendar year in which you retire.
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