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Writing for Morningstar, Natalie Choate Addresses Required Minimum Distribution Rollovers

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11.13.2018 | Article

Natalie Choate, a member of the firm’s Private Client Department, authored an article that articulates rules for IRA rollovers, including the problem of trying to roll over in the first required minimum distribution (RMD) year. In the article, “A Good Tax Idea Backfires,” Natalie elaborates that a RMD cannot be rolled into an IRA (it's not an eligible rollover distribution), and the first money that comes out of any plan or IRA in any calendar year counts as the RMD for that year. She further explained the first dollars coming out of the IRA plan will be the RMD until it's paid in full. If the distribution exceeds the RMD, the subscriber can roll over the excess.

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