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Showing results for tags 'suspened RMD payments'.
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Facts: Participant, former 5+% owner begins receiving RMD at age 70.5. Participant takes RMD during the next 3 years, during which time his ownership is purchased by other owners. Participant becomes a 0% owner, remains employed and continues to participate in 401(k) plan. Participant would like to suspend any further RMD's siteing the fact that he is no longer a 5+% owner. The Plan document allows for Non-Owner Participants to be exempted from RMD until separation of employment. Question: Can the RMD's, once begun, be suspended at the request of the Participant, to be resumed at a later date or terminationn of employment? Or must the RMDs continue to be calculated and distributed each year.
