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Old 10-01-2006, 08:30 PM
Harlan Lunsford
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Default Re: "RMD" or "MRD"?

Stuart A. Bronstein wrote:

- quote -

> If you think about it, saying "required" and "minimum" in
> 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.


But we THOUGHT there were WMD's in our account! :=)

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. > << ================================================== ===== >
  #1  
Old 10-01-2006, 08:30 PM
Drew Edmundson
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Default Re: "RMD" or "MRD"?

omail1983[at]hotmail.com wrote:

- quote -

> 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?


Natalie Choate, one of the premier experts in retirement
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. > << ================================================== ===== >
 
Old 09-29-2006, 01:23 AM
Stuart A. Bronstein
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Posts: n/a
Default Re: "RMD" or "MRD"?

nomail1983[at]hotmail.com wrote:

- quote -

> Just curious....
> 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?


If you think about it, saying "required" and "minimum" in
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. > << ================================================== ===== >
  #-1  
Old 09-28-2006, 02:02 AM
nomail1983@hotmail.com
Guest
 
Posts: n/a
Default "RMD" or "MRD"?

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. > << ================================================== ===== >
 

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