Jakyasar Posted Thursday at 02:55 PM Posted Thursday at 02:55 PM Hi DB plan terminated and did all the distributions during 2026 and also paid the RMD based on account balance method. Now, a small residue ($550) hit the account which is also subject to RMD. It is roughly $20. I cannot remember if there was a de minimum amount that can be ignored? Actual distribution was 2.5M with RMD of 100k. TIA QKA, QKC, QPA, CBS - I used to be indecisive about pensions but now I am not so sure
david rigby Posted Thursday at 06:30 PM Posted Thursday at 06:30 PM Is this a one-person plan? Why would a "residue" be only partially distributed (at the next convenient date) for a terminated plan? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Jakyasar Posted Thursday at 06:40 PM Author Posted Thursday at 06:40 PM Owner only and hit the account 2 months after the distribution occured. QKA, QKC, QPA, CBS - I used to be indecisive about pensions but now I am not so sure
Bill Presson Posted Thursday at 06:58 PM Posted Thursday at 06:58 PM I would just pay it all out. Covers the RMD and isn’t a burden from a tax perspective. David D 1 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now