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Old 01-17-2008, 06:44 PM
joetaxpayer
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Default Re: RMD question

W. Wells wrote:
- quote -

> On my first withdrawal by Dec 07 to Mar 08 do I figure my IRA total as of
> end of Dec 06?


I take it you turned 70.5 in 2007?
That RMD is based on the prior year end balance, 12/31/06.
And you also have to take this year's RMD, based on 12/31/07 balance.
JOE

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Old 01-17-2008, 05:04 PM
W. Wells
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Default RMD question

On my first withdrawal by Dec 07 to Mar 08 do I figure my IRA total as of
end of Dec 06?

 

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