Required Minimum Distribution
Q. A spousal beneficiary of a participant who died in 1995 initially elected to receive distributions using the remaining joint life expectancy (without recalculation) method from the 1987 proposed RMD (required minimum distribution) regulations. Now that the 2002 final RMD regulations apply, how would the 2003 distribution be calculated? Rev. 12/18/03 E-mail Alert 2003-24
A. The final regulations for RMDs generally require payments to be made using the new method starting with distributions for 2003. Click here for details.