RMD Series

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

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

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 31^st. 

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

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

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,