Required Beginning Date

[Lori H]

A participant in a money purchase plan attained age 70 1/2 in September 2012. He is not an owner but is the Executive Director. He retired 1/31/2013. Before a total distribution of his account can be processed shouldn't he receive an RMD? Thanks.

[Lou S.]

If he terminated 1/31/2013 he has first distribution year of 2013 with a RBD no later than 4/1/2014. So yes, I would agree that he needs an RMD before any other distribution can be processed.