Ask Terry Questions Required Minimum Distribution

Required Minimum Distribution

By Terry Savage on December 28, 2023 | Financial Planning / Retirement

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:

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.

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