Getting Your RMD Ducks In a Row
Jul 18, 2019•12 min•Ep. 39
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Episode description
Most people have a basic knowledge of Required Minimum Distributions (RMDs) but few understand how they pertain to IRAs and 401ks, as well as the intricate timing details that are essential to preparing to withdrawal for tax payments. For a better understanding of the best times to withdrawal as well as avoiding penalties, join John and Ron as they discuss a letter Ron recently received shortly after a big birthday.
Check out the show notes here: https://mrstillmansopus.com/retirement/getting-your-rmd-ducks-in-a-row/
0:45 - RMDs for 401(k)s2:45 – RMDs for IRAs
4:35 – Here’s an example:
5:34 – When do you have to make a withdrawal?
7:00 - In what scenarios would I carry it over?
7:58 - Avoid a loss in penalties!
9:04 – Another Octave
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