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Compliance February 25, 2013
IRS Offers FAQs About RMDs
The Internal Revenue Service (IRS) has posted
frequently asked questions (FAQs) and answers regarding required minimum
distributions (RMDs).
Reported by Rebecca Moore
The questions cover the types of plans that require RMDs and how calculations are made, as well as who is responsible for making the calculations, how the RMD is taxed and whether plan sponsors should continue making contributions for participants receiving RMDs. In addition, the FAQs address different rules that may apply to 403(b) plans.
The FAQs are here.