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Mandatory Distribution on Garnished IRA Account?

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Question: 
Can/should a customer receive an IRA mandatory distribution (turned 70 1/2) if we have received a garnishment on him?
Answer: 

If you are asking whether the RMD is in some way "preferred" over a proper levy or garnishment, the answer is "No." Satisfy the garnishment. If it exceeds the RMD, then your customer will be taxed on the amount so distributed and no additional distribution need be made.

First published on BankersOnline.com 3/7/11

First published on 03/07/2011

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