Vlad401k Posted January 15, 2021 Posted January 15, 2021 We have a participant in a 401k plan who is 74 years of age and was terminated in 2020. He will be subject to the RMD in 2021 and he wants to rollover the entire balance to an IRA. He also has a Loan Balance, which will have to be offset. Can the offset be used to satisfy the RMD requirement? Thanks!
Bri Posted January 15, 2021 Posted January 15, 2021 I was pretty sure yes, and googling "loan default as rmd" actually brought me first to several prior discussions on these boards, as far back as 2004. Luke Bailey 1
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