You are not required to take a Required Minimum Distribution(RMD) from your IRA for tax year 2009. This one year waiver of the RMD applies to traditional IRA owners age 70½ or older, and to beneficiaries of deceased traditional and Roth IRA owners.

IRA owners, age 70½ in 2008, who delayed taking their 2008 RMD are still required to take that distribution by April 1, 2009.

The temporary waiver of the RMD rule is a provision of the Worker, Retiree, and Employer Recovery Act of 2008, and applies only to tax year 2009.

Special rule for beneficiaries of deceased IRA owners, if death occurred prior to 2009:

• As a beneficiary, if you, by election or by default, are subject to the five year rule, you may disregard 2009 for purposes of determining the five year period.


• In addition, as beneficiary of a traditional IRA, if the IRA owner died in 2009, no RMD is required for 2009.