Egold Posted January 9, 2021 Posted January 9, 2021 It appears to me that if a participant was receiving RMD in 2019, (ex. 70 1/2 factor 27.4) The participant was not required to have a RMD, but for 2021 the factor to calculate RMD for 2021 is 25.6? Is this correct? Or is there a new table for calculation purposes?
Bird Posted January 11, 2021 Posted January 11, 2021 Correct. There is a new table but it is effective in 2022. Ed Snyder
pensiongeek Posted January 28, 2021 Posted January 28, 2021 THe IRS has worksheets to use. https://www.irs.gov/retirement-plans/plan-participant-employee/required-minimum-distribution-worksheets
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