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| Stuart A. Bronstein wrote: - quote - > If you think about it, saying "required" and "minimum" in
But we THOUGHT there were WMD's in our account! :=)> the same phrase is a bit of a redundancy. I understand it > was originally Wealth Minimum Distribution, but was changed > because someone didn't like the acronym. ChEAr$, Harlan << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| omail1983[at]hotmail.com wrote: - quote - > Just curious....
Natalie Choate, one of the premier experts in retirement> The IRS seems to consistently use RMD (Reqd Min Distrib). > For example, see http://www.irs.gov/pub/irs-pdf/i1099r.pdf > and http://www.irs.gov/publications/p590.pdf (although the > latter also has a few references to "min reqd distrib"; > klunk!). > Other sources seem to consistently use MRD (Min Reqd > Distrib), including major providers of retirement accounts. > For example, see > http://wps.fidelity.com/401k/about/wdr.htm and > http://www.prudential.com/media/mana...inalDB_MRD.pdf > I can appreciate the fact that the order of the words and > the acronym does not affect its meaning; ergo, the order > seems somewhat arbitary. > But I wonder: is it truly random behavior; or did the IRS > used to call it one thing, then call it the other thing > later? plan benefits, says in her book that she uses MRD instead of RMD to avoid confusion with the similar acronym RBD = required beginning date. If it is good enough for Ms. Choate then it is good enough for me. Her web site is http://www.ataxplan.com/. --- Drew Edmundson, CPA Cary, NC << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| nomail1983[at]hotmail.com wrote: - quote - > Just curious....
If you think about it, saying "required" and "minimum" in> The IRS seems to consistently use RMD (Reqd Min Distrib). > Other sources seem to consistently use MRD (Min Reqd > Distrib), including major providers of retirement accounts. > But I wonder: is it truly random behavior; or did the IRS > used to call it one thing, then call it the other thing > later? the same phrase is a bit of a redundancy. I understand it was originally Wealth Minimum Distribution, but was changed because someone didn't like the acronym. Stu << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| Just curious.... The IRS seems to consistently use RMD (Reqd Min Distrib). For example, see http://www.irs.gov/pub/irs-pdf/i1099r.pdf and http://www.irs.gov/publications/p590.pdf (although the latter also has a few references to "min reqd distrib"; klunk!). Other sources seem to consistently use MRD (Min Reqd Distrib), including major providers of retirement accounts. For example, see http://wps.fidelity.com/401k/about/wdr.htm and http://www.prudential.com/media/mana...inalDB_MRD.pdf I can appreciate the fact that the order of the words and the acronym does not affect its meaning; ergo, the order seems somewhat arbitary. But I wonder: is it truly random behavior; or did the IRS used to call it one thing, then call it the other thing later? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| mrd, rmd |
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