A blog post

Required Minimum Distributions

Posted on the 08 February, 2010 at 10:35 pm Written by in Taxes

The required minimums resume this year because Congress did not extend the waiver into 2010.

If you were 70 1/2 going into 2009, your required distributions are resuming.

If you turned 70 1/2 last year, you do not have take a distribution for 2009 by April 1,2010. You do however have to take a 2010 distribution by December 31, 2010. 

Distributions are calculated on the previous year-end balance. The 2010 distributions would therefore be calculated on your 12/31/2009 balance.