if I transfer my RMD to my retirement money market account is it required to take it out by 31 Dec?

Answer 1

If you moved your required minimum distribution from one tax-deferred retirement account into another tax-deferred retirement account, then you did a rollover. Rollovers do not count as required minimum distributions.

Is your money market account a tax-deferred retirement account with the same financial institution? If it is, then yes you need to take this money out by December 31.

On the other hand, if you took your required minimum distribution and then put it into a non tax-deferred account, you don't have to do anything, you have already taken your RMD.

Sorry I can't be more specific. Post more details, or call your financial institution and ask them if you have in fact taken a required minimum distribution.

Answer 2

What do you mean by "RMD?" If you are over age 70 1/2 and are making Required Minimum Distributions you cannot put them into a tax deferred retirement account. In fact, you generally can't put anything in a tax deferred retirement account once you reach age 70 1/2.