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Employee
March 22, 2024
Solved

401K to IRA RMD

  • March 22, 2024
  • 1 reply
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If during 2024 I move assets from my 401k to my IRA, will I have to make 401k RMD withdrawals based on my 401k value on 12-31-23 or a different value?

    Best answer by dmertz

    Your 2024 RMD from the 401(k) is based on the 12/31/2023 value in the 401(k).  This RMD is required to be completed from the 401(k) before rolling any other amounts over to an IRA.

    1 reply

    dmertzAnswer
    Employee
    March 22, 2024

    Your 2024 RMD from the 401(k) is based on the 12/31/2023 value in the 401(k).  This RMD is required to be completed from the 401(k) before rolling any other amounts over to an IRA.