I retired on 2/29/2020 after 41 years at 66 years old. The company became an ESOP 4 years before retirement. The comptroller says I should receive a distribution this year ( 2020), after the audit is completed in September +/-. I would prefer to defer the first distribution until January 2021 since I have already received a large deferred comp payment of $120,000, plus I have 2 month's of income and we are getting about $18,000 dollars this year from Social Security due to my wife getting her full SS and myself getting a spousal benefit while my primary grows. I am trying to stay below the IRMMA threshold for Medicare ( 174,000). Is there a way to have the distribution deferred? Should I ask for them to make an amendment saying that the first payout may be taken as late as April 15 of the year following retirement, similar to RMD rules? Thanks for your help.
