2001 Proposed Regs for Required Minimum Distributions

Note: The final regulations were published on 4/17/2002 and replace the proposed regs.  Click here for the 2002 final regs. Click here for information on pension distributions software

In 2001, the IRS issued new proposed regulations that simplified the required minimum distributions rules.  The new rules were mandated for distributions on or after 1/1/2002 and were optional for distributions in 2001 or the prior existing rules may continue to be used in 2001. The proposed regulations are available at this site: Click here to view REG-130477-00 and REG-130481-00 or Click here to download the 225K IRS file: 13048100.pdf. The IRS also issued a number of wording corrections to the proposed regulations on 2/20/01. IRS Announcement 2001-23 (3/5/01) has the IRS' most readable explanation of the new rules. The new rules will generally benefit taxpayers since they provide for the same or lower required distributions in most cases.  The rules for distributions during the life of the plan owner have been greatly simplified.  The rules for distributions after the death of the owner remain convoluted.

See Brentmark's article Required Minimum Distributions: Calculations under the New Rules for a description of the 2001 proposed rules from a calculation perspective. See Brentmark's article
Required Minimum Distributions: Calculations under the Final Regulations for a description of the 2002 final rules from a calculation perspective.

Also see Brentmark's NewRMD.Com Web Site for the latest information on the required minimum distributions rules. 

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Last modified: September 02, 2008