Leaderboard

I strongly disagree with this view. I see no way to reconcile this with the IRS rules and regulations. In fact the math/logic doesn't work. Since the IRA RMDs that need to be taken by 12/31/2019 are based on the balances in the IRA on 12/31/2018. This money wasn't in the IRAs on 12/31/2018 so this money wouldn't have an RMD amount taken for it. So there would be no RMD taken on the money from the 4k plan in 2019 if the IRA RMDs are done correctly and you don't take the RMD from the 4k plan. Not trying to be harsh here but don't see how this can be done.