Wright-Patt Credit Union notified our IRA holders earlier this year that the IRS has waived the required mandatory distributions (RMDs) for 2009. IRS Notice 2009-82 provides additional waiver guidance. IRA holders who have already taken their 2009 RMDs may roll over those amounts to an IRA by the later of November 30, 2009, or the end of their 60-day period. The one-rollover-per-year rule for IRA distributions still applies, so no more than one 2009 distribution from each IRA may be rolled over.

If you have any questions, please contact Wright-Patt Credit Union's IRA Department at (937) 912-7650 or (800) 762-0047, ext. 7650.