Q. DOB 8/24/43, retired , reach 70 1/2 in 2014, I believe that distributions need to begin in 2015, year following year of a 70 1/2 attainment. Is that correct? Distributions will be done automatically, if I do nothing, am I correct?
A. Your first RMD must be completed by April 1, 2015. Your second RMD must be completed by 12/31/2015. The payments will not be automatically computed and sent unless you have requested monthly payments using form TSP-70.