10 Averaging with RMD requirements

[Guest srichard]

Business owner has Target Benefit plan they are considering rolling to an IRA. She is eligible for 10 year averaging. She wants to know if she should take her lump sum distribution this year (2000), or wait until next year when in July, she will be 70 1/2. Additionally, if she takes her RMD in 2001, will she lose her 10 averaging option? If she postpones her RMD until 2002, will she still lose her 10 averaging option since it is excercizes in or after the year in which she attained 70 1/2?

Thanks for your input.