TPApril Posted November 16, 2023 Posted November 16, 2023 When a plan allows for in-service distributions, and the owner participant has already taken their RMD, the additional distribution is subject to the mandatory 20% federal tax withholding. Is there an exception that if you are over RMD age, the additional distribution is not subject to the 20% tax requirement?
Popular Post Lou S. Posted November 16, 2023 Popular Post Posted November 16, 2023 If it's eligible for rollover, it's subject to the 20% mandatory withholding. Luke Bailey, Appleby, ESOPMomma and 2 others 5
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