When is a ANNUAL RMD sent out?

[Skramy]

For next year. Jan? Dec?

[tsptalk]

Welcome Skramy.

This may not answer your question about when the money is sent, but this was on tsp.gov...


The required beginning date is defined as April 1 of the year following the year a participant reaches age 70½, or separates from government service, whichever is later.

The date on which you must begin receiving required minimum distributions (RMDs) depends on whether the deceased participant died before or on/after his or her "required beginning date." The required beginning date is defined as April 1 of the year following the year a participant reaches age 70½, or separates from government service, whichever is later.

For example, if a separated participant was born on June 1, 1945, he or she would turn age 70½ on December 1, 2015; and his or her required beginning date would be April 1, 2016.


More info:

https://www.tsp.gov/PlanParticipation/BeneficiaryParticipants/rmdbp.html

[Skramy]

Thank you for your response.
Today I filed for my first RMD - as a annual disbursement. TSP said "will be processed 12/9". Birthdate april, so this will be for 2019. And, as 2019 income.
Was wondering when next year's disbursement will occur. On 12/9 again, or earlier, or later.
Anyone already receiving annual disbursements - feel free to comment.

[evilanne]

What does the form say? Does it say you will get payments annually, quarterly or monthly? I believe you have the option to chose based on new rules. Based on the old form TSP-70, I believe you would get monthly payments after initial distribution.

See Changes to Post-Separation/Beneficiary Participant Withdrawals https://www.tsp.gov/PDF/bulletins/19-06.html

The FRTIB has made the following changes related to post-separation/beneficiary participant withdrawals:


Participants can now receive installment payments monthly, quarterly, or annually, and can stop or change these payments at any time.
Participants can take multiple partial withdrawals (even while receiving installment payments) as long as there are at least 30 calendar days between each request.
Having taken an age-based in-service withdrawal will not prevent participants from taking post-separation partial withdrawals.
Participants are able to choose whether their payments come from their Roth balance only, their traditional balance only, or pro rata from both.
Participants are no longer required to make a full withdrawal election once they’ve turned 70½ and have separated from federal service. However, they still have to receive IRS required minimum distributions (RMDs). If a participant has not received sufficient payments to satisfy the RMD, the TSP will automatically send the needed amount to that participant as long as his or her mailing address is up to date.