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francesrevans
June 4, 2019
Question

How do I know if my 86 year old mother's annuity it is an RMD?

  • June 4, 2019
  • 1 reply
  • 0 views

How do I know whether my 86 year old mother's annuity is an RMD?

1 reply

SteamTrain
SteamTrain
Employee
June 4, 2019

For an annuity, where she is getting regular payments, then what they send out is the RMD, and all of it is the RMD.

The only time only part of it is not an RMD, is if she is able to make a separate removal of part of, or the entire remaining balance in whatever fund it is in.  Most pensions do not allow that, and some commercial annuties allow it, but then they never get any payouts anymore.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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