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Actually the whole RMD thing is a great example of taking a sledge hammer to a problem that needs tweezers. I get it you don't want people who have large balances to keep it in tax deferred accounts for various reasons. What we got is one of the most complex set of rules in the whole field. Just look at how often there are questions about these rules. Then after all that in the 20+ years I have done this I can't tell you how many <$100 RMD checks I have helped get issued. And I won't even talk very much about the number <$1 RMD checks I have seen. Compared to the RMD checks from say accounts with >$100,000 the numbers are a joke. So much time, effort and cost to solve a problem that happens not very often. They could repeal the law and I am convinced they wouldn't see much change in total tax revenue from the money kept in the plans.

Actuaries don't but very good actuaries do.

Oy vey.

OK, here is what is bothering me. I have never had an actuary tell me "here is what the owner needs to deduct on page 1 of 1040." Are there actuaries out there who can attest to whether or not they provide that information? I think I would have seen it by now.

I assume you mean gap period income as opposed to income through the end of the plan year? answer is: no on gap income. see page 35 of the handout. there will be a quiz on the entire contents of the enclosed next Wednesday. we moved the testing day up so people could have time off for Passover or Easter. Depending on which may apply, have a blessed upcoming holiday! wrera.pdf

You could say that but I think most people would say you were wrong.

Quote from above: the first day the person was "fully dead" Immediately reminded me of Miracle Max (Billy Crystal) when he said "It just so happens that your friend here is only MOSTLY dead. There's a big difference between mostly dead and all dead." Not sure how that fits into the IRS view here, however.