BenefitsLink Message Boards > Is any portion of a lump sum paid prior to the Required Beginning Date

Full Version: Is any portion of a lump sum paid prior to the Required Beginning Date

BenefitsLink Message Boards > Retirement Plans > Distributions and Loans, Other than QDROs

John A

Jan 6 2000, 03:53 PM

If a participant has a required beginning date of April 1, 2000, but receives a lump sum on February 29, 2000, is any portion of the lump sum a required minimum distribution?

DavidB

Jan 6 2000, 04:59 PM

Yes. His 70 1/2 distribution must come out of the distribution and not be rolled over.

DavidB

Jan 6 2000, 05:18 PM

Yes. His 70 1/2 distribution must come out of the distribution and not be rolled over.

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.