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My DW will turn 70.5 on December 9, 2011. Reading the Schwab info that is addressed to her, they state, "You must schedule your RMD no later than December 1, 2011, to allow adequate time for us to complete your RMD by December 31, 2011." Sounds like a pretty tight schedule for her.

fwiw ..i just re-read bit of IRS Pub 590 ..and Schwab sounds Wrong

I don't think Schwab is wrong. I think that they are just saying that if you want to have the RMD in this tax year, which is by 12/31, then you need to get that request to to them no later than 12/1 so that they have enough time to meet your request.

They don't seem to be saying you have to take it then. They're just saying that if that is when you want it, you need to give them time to do it. It's sort of like I always get a notice for my January mortgage payment that says if I want the interest to be paid in the previous tax year, I need to schedule the payment by 12/31 so that it is included.

Similarly, Schwab is saying that if you want the payment in the tax year ending on 12/31, perhaps because you don't want 2 RMD's in the same tax year, then you need to give them notice.
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