Ask Terry Questions REQUIRED MINIMUM DISTRIBUTIONS and tax withholding

REQUIRED MINIMUM DISTRIBUTIONS and tax withholding

By Terry Savage on July 05, 2024 | Financial Planning / Retirement

WHEN ANNUAL RMDs ARE WITHDRAWN, WHETHER ONCE DURING THE COURSE OF THE YEAR OR PERIODICALLY THROUGHOUT THE YEAR, ARE QUARTERLY ESTIMATED TAXES REQUIRED TO BE PAID OR JUST AT THE TIME OF FILING THE ANNUAL TAX RETURN?

Terry Says

The smart move is to make estimated tax payments out of every RMD check.  That way you won’t start a problem with the IRS.

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