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Tech Talk: RMD Calculations and Distributions

A client turned 70½ and retired, but put her name on the district’s substitute teacher list. You filed her RMD paperwork but the district’s TPA declined it because the district still has her coded as an employee listed on their substitute list. But the district did not call her in to serve as a substitute. Tech Talk addresses what happens and whether she could be subject to the 50% penalty if she doesn’t take the RMD.