Minimum Required Distribution
Terry:
If I need to take an MRD next year, and all my money is in conventional IRA CDs that do not come due until 2020 or later, how can I avoid paying penalties for cashing out one of the IRA CDs early?
Thank you,
Dave
Terry Says
Most banks will let you break an IRA CD without penalty to take a RMD. Ask. And if they deny you, please write back and I will contact them and embarrass them in a column!
