Under the proposed new rules for MRD's, the required beginning date is set as April 1 of the year following the year in which the participant attains age 70 1/2. Under the old rules it was my understanding that the beginning date was the year in which the participant actually attained age 701/2. However in the first year, the first year's distribution could be delayed until no later than April 1 of the year following the age 70 1/2 year. This however would require the doubling up of distributions in that year with the first calculated on the balance from the 70 1/2 year, and the second on the balance from the beginning of the year following 70 1/2. Therefor the propsed regs would seem to have eliminated the doubling up of distributions made during the period from January 1 through April 1 for participants who attained 70 1/2 in the previous year. Am I reading this correctly?

You are NOT reading it correctly.

The new proposed regs have made NO CHANGE to any required beginning date. If you wait until first quarter of the year after the year you attain age 70½, you will have to double up in that year.