RMD

[joel]

Investor has a 457(b) governmental plan and plans to work until age 75. Can he/she defer the first RMD until the year of retirement from the governmental job? While working at the governmental job must RMD from a former employer's 403(b) plan start at age 70-1/2 or can the first RMD from the 403(b) be deferred until retirement from the governmental job?

[Belgarath]

1. Investor has a 457(b) governmental plan and plans to work until age 75. Can he/she defer the first RMD until the year of retirement from the governmental job?

Yes, actually until April 1 of the calendar year following retirement. Normal RMD rules. Assuming the plan allows it.

2. While working at the governmental job must RMD from a former employer's 403(b) plan start at age 70-1/2 or can the first RMD from the 403(b) be deferred until retirement from the governmental job?

The former plan would still require RMD's under normal rules. However, if the 403(b) were rolled over to the governmental 457(b) plan - assuming the plan accepts rollovers - then aside from any RMD required for the year of the transfer, the balance actually rolled to the 457(b) plan would allow a deferred RMD as in # 1 above.