Required Minimum Distribution
Is there a source that I can reach out to verifying that I have covered my RMD’s for the coming year? Because I am unaware of the category that places this important task on my “to do list”, I don’t want to overlook an entry.
Terry Says
Read this column I posted a few weeks ago: https://www.terrysavage.com/calculating-your-rmd/
So just make sure you’ve added up the value of all your pre-tax retirement accounts (not ROTH) as of last year end! Then there’s a link to do the calculation.
And a reminder in January to total up all those year-end account values so it will be easy to calculate your 2024 RMD, which you can take during the year.
