DB RMD related

[Jakyasar]

Hi

DB plan - one lifer

Client takes full annual RMD on 4/1/2023 instead of monthly (12x)

Client decides to terminate the plan today and wants to rollover prior to 12/31/2023.

No further RMD is due, correct?

Thanks

[Lou S.]

I believe yes you are correct.

[CuseFan]

First distribution calendar year was 2022? If so, then don't you also have a distribution calendar year for 2023? If you continued (consolidated) annuity and paid 12x again next 4/1 then you're OK, but I think a lump sum changes everything. Maybe I'm wrong but I would dig further.

[Jakyasar]

First distribution year was prior to 2022.

[CuseFan]

OK, so then if the 4/1/2023 consolidated installment was for calendar 2023 RMD then yes, a lump sum of remaining benefit paid by 12/31 would all be rollover eligible.