Money Talks: IRAs in 2021

IRAs and Roth IRAs - what are the rules if you need to withdraw money? How do you set one up? What’s the difference between the 2 anyway? What about an inherited IRA or RMDs?

• What about the new rules concerning RMDs – required minimum distributions?
• Why do we have RMDs?
• Who takes them?
• When do you have to take them?
• Is there a special time of the year to take them?
• What can you do or what can you NOT do with the funds?

Calls:

• RMD to a charity
• inherited IRA
• what to do with an old employers 401K
• SIMPLE IRAs: Savings Incentive Match PLan for Employees
• email
• difference between IRA and 401K RMD
• limit to contributions
• how kids learn money skills http://moneytalks.mpbonline.org/episodes/money-talks-kids-learning https://mscee.org/
• money and taxes

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