♥ 0 |
I turned 70 1/2 this year. If I convert my TSP balance to an annuity before the end of the year, does that satisfy the RMD requirement, or must I Take the RMD and start the annuity for next year? Blocked by moderator
|
Private answer You can start the annuity this year. If you purchase the annuity prior to the day you reach 70 1/2, you will not need to take a required minimum distribution. If, however, you are 70 1/2 or older when you purchase the annuity, you will need to take your required minimum distribution first. Blocked by moderator |
|
Private answer You can start the annuity this year. If you purchase the annuity prior to the day you reach 70 1/2, you will not need to take a required minimum distribution. If, however, you are 70 1/2 or older when you purchase the annuity, you will need to take your required minimum distribution first. Blocked by moderator |