jmartin Posted May 24, 2013 Posted May 24, 2013 A participant turns 70 1/2 11/30/13. He is terminated. Since it is the first one, he can extend until 4/1/14. If the participant takes a lump sum distribution in August 2013, which is before he turns 70 1/2 but in the same plan year he turns 70 1/2, will it count towards the RMD for 2013?
BG5150 Posted May 24, 2013 Posted May 24, 2013 It must. Appleby 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
masteff Posted May 24, 2013 Posted May 24, 2013 Agreed. "calendar year" and "distribution calendar year" 1.401(a)(9)-5 Q&A-1(b) and 1.402©-2 Q&A-7 Appleby 1 Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
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