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Tech Talk: RMD Calculations and Distributions

Your retired client placed her name on a school district’s substitute teacher list. The district’s third party administrator declined the application for a required minimum distribution (RMD), stating that she is coded as an employee on the list. But she has not worked in the district this year. If she does not take the RMD and is audited she may be subject to the 50% penalty. In this week’s Tech Talk, Ellie Lowder discusses how you should handle such a situation.