bill mahoney
Jan 16 2001, 01:17 PM
The IRS has finally done something right. Under the new MRD rules there is no more worries about using recalculation. There are more generous MRD life expectancy tables. You can name a new beneficary after age 70 1/2 and not effect the payout rate. Of course only the IRS can simplify something and take a 108 pages to do so.
Ellie Lowder
Jan 17 2001, 10:01 AM
My copy has only 55 pages - am I missing something? Incidentally, we need to understand how the proposed regulations square up with probable new legislation (we'll get it some day!) which substantially changes RMDs! I plan to discuss this with the drafter of the new proposed regs should I be able to connect since I need to report to the industry through the National TSA Association!
jlf
Feb 27 2001, 11:26 AM
The contest between "RMD" and "MRD" has been settled with the issuance of the new regs. Required Minimum Distributions, RMD, is the winner.
Best wishes,
Joel L. Frank
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