Tag Archives | IRA withdrawals
tax changes

Reduced RMDs Coming Your Way … But Not Until 2022

Here’s some good news for people nearing or already in retirement! In the future, you will be required to take less money from your retirement plans, but the new rules won’t take effect until 2022. That’s right. Required Minimum Distributions (or RMDs) will be heading downward starting in 2022, as the IRS recognizes that longer life […]

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Breaking News: IRA Withdrawals Are OPTIONAL For 2020

We’re calling clients to get the word out. Required Minimum Distributions (RMDs), those IRA and retirement withdrawals you’re required to take once you turn age 72 (formerly 70½), are now optional for 2020. It’s the government’s way of letting your IRA and retirement accounts recover and catch their breath from the COVID-19 crisis. We discussed […]

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Need To Take RMDs This Year From Your IRA? You Can Chill. We’re On It.

What’s at the top of our to-do list this month? It’s time to take care of RMDs (Required Minimum Distributions) from your IRAs if you’re age 70½ or over, or are the beneficiary of an Inherited IRA. What’s the deal? We’ve already alerted clients who need to start their RMDs IRA next year. There’s nothing […]

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What to Do When You Don’t Need Your RMD

If you’ve got an IRA, you already know the drill. Once you reach age 70 ½, you have to start withdrawing money each year. It’s called your Required Minimum Distribution or RMD. (As a service for our clients, we calculate and oversee the distribution process to ensure they never get hit with those nasty 50% penalties […]

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IRA Withdrawal Symptoms: 6 Quick Things You Should Know About Required Minimum Distributions

October is the month we officially kick off the Required Minimum Distribution (or RMD) process for most our clients. First of all, what’s the RMD? The Required Minimum Distribution is the withdrawal the IRS requires you to take from your IRAs and other retirement accounts once you’ve reached 70 1/2. (As always, a few exceptions apply, so […]

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