Jump to content

rolling 401(a) money to avoid post 70.5 rmd


Recommended Posts

Posted

A client, age 72, is receiving RMDs from a previous employer's 401(a) plan. She wishes to roll this money into a 403(b) plan with her new employer and stop the RMDs from the old plan.

Can a participant roll the 401(a) funds into the 403(b) plan (assuming plan permits it and permits delayed mrd) and avoid having to take RMDs from the 401(a) plan going forward, until she retires?

Posted

yes once her account balance in the Q plan is reduced to 0, the amount of mrds for the nex year are 0.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use