Changing to RMD Calculation- which balance to use?
L1: Changing to RMD Calculation- which balance to use?Whenperforming a one-time change from the annuitization methodto the RMD method, which balance is used to calculate the new distribution amount? 12/31? date of the change?I am asking because the example on the IRS website references the balance on 9/30. However, it is not clear whether this date applies only that that example, or if 9/30 has some significance when determining which account value to use. http://www.irs.gov/retirement/article/0,,id=103045,00.html#152009-12-29 22:26, By: LWADE, IP: [126.96.36.199]
L2: Changing to RMD Calculation- which balance to use?Use the balance thatressonably represents your account balance. If you make the change in January 2010, use the 12/31/09 balance or a date when you can get a sttatement balance.2009-12-29 23:34, By: Gfw, IP: [188.8.131.52]