Ask Terry Questions RMD –which year end balance?

RMD –which year end balance?

By Terry Savage on February 04, 2024 | Financial Planning / Retirement

My husband will be 73 on December 20, 2024. Does he use 2023 or 2024 year-end IRA totals for his initial RMD withdrawals?

Terry Says

He will use the balance in his IRA(s) at year-end 2023, so save those year end statements!

Recent Financial Planning / Retirement Questions

money

ASK TERRY

a personal
finance question