Permalink Submitted by Denise Appleby on Tue, 2007-08-21 19:06
[quote=”[email protected]“]My client turns 70 next week (8/29/07). His DOB is 08/29/1937, when is his actual ABD?[/quote]
Since he will be 70 ½ in February 2008, his actual beginning date (or Required beginning date ) is 04/01/2009. This is the deadline by which he must take his first RMD. His first RMD is due [b]for [/b]the 2008 calendar year.
[url]http://retirementdictionary.com/Required-beginning-date.htm%5B/url%5D
Permalink Submitted by Denise Appleby on Tue, 2007-08-21 19:06
[quote=”[email protected]“]My client turns 70 next week (8/29/07). His DOB is 08/29/1937, when is his actual ABD?[/quote]
Since he will be 70 ½ in February 2008, his actual beginning date (or Required beginning date ) is 04/01/2009. This is the deadline by which he must take his first RMD. His first RMD is due [b]for [/b]the 2008 calendar year.
[url]http://retirementdictionary.com/Required-beginning-date.htm%5B/url%5D