Published: July 12, 2021, 1:13 a.m.
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In this podcast episode Jason looks at the Required Minimum distribution.\\xa0 For all of the show notes and resources mentioned in this episode visit SoundRetirementPlanning.com
- What is the RMD
- What is the RBD
- What is the penalty for missing the RMD
- What types of accounts have an RMD
- When do you have to take the first RMD and subsequent RMD's
- How have the RMD rules changed recently
- How do you calculate the RMD
- When do people take their RMD's
- We explore the three different distribution tables the IRS has for calculating your RMD and which one you will need to use
- We will look at how the RMD changes over time
- Why the RMD will be decreasing starting in 2022
- How might the RMD change again
- What are after tax contributions to an IRA and how are RMD's impacted?
- How to avoid paying taxes on your RMD
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