rtheis

Does the employee need to make have an RMD processed. Individual is 75 opened a Solo 401k in 2024 and made a prior year contribution for 2023. The question is do they need to make RMD distribution for the 2023 year. If so, how would it be calculated since the prior year balance is $0.00.

I have a pension plan that is terminating. A number of assets in the plan are LLC's that are near worthless, but not easily sellable. The question is what is the best option to remove these assets from these plans before it is terminated.