RMD Series

RMDs: Special Situations

There are some special situations that affect Required Minimum Distributions (RMDs) that you may need to be aware of; having a younger spouse, inheriting an IRA, holding an illiquid asset, having a late-in-the-year birthday and working past 70.5 can all impact the required distributions.  

A spouse who is 10 years younger

Think About RMDs Before You Turn 70.5

We've spent several weeks covering Required Minimum Distributions (RMDs).

What Happens When You Forget to Take an RMD

It is particularly important to make your Required Minimum Distributions (RMDs) on time; failure to take RMDs on time can result in a 50% excise tax on the shortfall.  In all years except the first year, you must make your RMD by December 31st

Using an IRA for Charitable Contributions

IRA owners over age 70.5 can make charitable contributions directly from their IRA; this is called a Qualified Charitable Distribution (QCD)*.  You can make charitable contributions from your IRA, of up to

How RMDs Work in Real Life

In another post in this series we discussed how to calculate your Required Minimum Distribution (RMD).  Once you know how much the RMD

RMDs for Business Owners and Employees

Required Minimum Distributions (RMDs) from 401(k)s are treated differently for business owners.  For those who don’t own a business or own less than 5% of the business, an RMD is not required from the 401(k) while they’re still working (they would still have to take RMDs from their IRAs,

RMD Basics

Welcome to our series on RMDs – Required Minimum Distributions -- the distributions from retirement accounts (IRAs, 401ks, 403(b)s, 457 plans) that are required once the owner turns 70.5 years old. 

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