RMD question

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date RMD question W. Wells 01-17-2008  Re: RMD question joetaxpayer 01-17-2008
Posted by W. Wells on January 17, 2008, 1:04 pm On my first withdrawal by Dec 07 to Mar 08 do I figure my IRA total as of end of Dec 06? Posted by joetaxpayer on January 17, 2008, 2:44 pm W. Wells wrote: > On my first withdrawal by Dec 07 to Mar 08 do I figure my IRA total as of > end of Dec 06? I take it you turned 70.5 in 2007? That RMD is based on the prior year end balance, 12/31/06. And you also have to take this year's RMD, based on 12/31/07 balance. JOE Similar Threads Posted IRA question January 8, 2007, 5:00 am 529 question January 11, 2007, 4:41 pm TVM Question, please help February 8, 2007, 4:33 pm S.S. Question, Please September 1, 2007, 8:40 pm 403(b)/457(b) question October 3, 2007, 4:24 pm Re: Another Soc Sec question October 30, 2007, 11:29 am SEP question May 16, 2008, 8:17 am annuities question(s) October 24, 2006, 8:33 am Another gifting question December 14, 2006, 9:14 am Another IRA / Keogh question December 21, 2006, 11:25 am