Phil Marti wrote:
- quote -

If 2009 is your RMD distribution year, you are not required to
take your 2009 RMD. If 2008 was your fist distribution year and
you are delaying your 2008 RMD to no later than 4/1/09, you are
still required to take that RMD.

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"Alan" wrote:

- quote -

Better to phrase that "they are not required to take a distribution FOR
2009."

In a followup on the unmoderated board we learned that the retiree was 78
upon a 12/31/2008 retirement. That means an RMD for 2008 is required by
4/1/2009. The legislation suspending RMD's for 2009 did not affect 2008
RMD's that weren't taken in 2008.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

Michael B. wrote:
- quote -

comes to RMDs. RMDs commence when you turn age 70 1/2 or if you
are still working for that employer when you retire or terminate
your employment.

Either way, for tax year 2009, anyone with a 401(k) plan that is
required to take an RMD may choose to suspend that distribution.
In other words, they are not required to take a distribution in 2009.

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<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >

I am pretty sure of the answer, but want to make sure by asking the folks
here.

If a person (over the age of 65) officially retired from a full-time job on
12/31/2008, this means that he/she does NOT have to do a "Required Minimum
Distribution" in 2009 on their 401K or their annuity? Only in 2010 -
correct?

Thanks for the input.

--
<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >