RMD REQUIREMENTS
CAN YOU PLEASE TELL ME ALL FINANCIAL INVESMENTS THAT REQUIRE RMD WITHRWALS
EACH YEAR, IS IT ONLY RELEVANT TO INVESTMENT VEHICLES PURCHASED OR FUNDED WITH IRA SAVINGS THAT WERE SAVED FROM NON-TAXED EARNED FUNDS?
THANK YOU
Terry Says
All retirement accounts (qualified funds) with the exception of Roth IRAs or Roth 40l(k)s, require a RMD to be taken in the year you reach age 73.
Add up the YEAR-END 2022 balances to get the total amount on which you calculate the RMD.
Then go to this calculator to figure it out.
You’ll input that total amount, your age, and some other factors to determine how much money you must withdraw by the end of this year.
