If you have money in retirement accounts, you may have to start taking required minimum distributions, or RMDs, when you turn ...
A little confusion over something that's seemingly simple can end up taking a costly toll when not handled properly.
This chart on the IRS website can help determine ... You will not have to pay taxes on any Roth IRA distribution because you initially funded those accounts with post-tax dollars.
The IRS will require you to take minimum distributions from some accounts once you turn 73. Within the deadlines, you get a say about when you actually make the withdrawal. An IRA offers useful ...
What you do is withdraw the money from an IRA account and repay it to either the same account or another qualified account within 60 days. This is technically not a loan, but a distribution ...
In addition, you will need to take distributions according to specific rules, which vary based on your age and relationship to the deceased. To learn more about the inherited IRA 10-year rule ...
You could try a simple online calculator ... show your required minimum distribution. For example, say Joe is concerned he may have taken a bigger RMD from his IRA last year than he needed ...