RMD’s
When it comes time for me to start RMDs will I be notified in anyway by my IRA/401k administrators? And will they tell me how much I must withdraw or am I on my own?
Thanks
Terry Says
They will, but I wouldn’t count on that. Please read this column for all you need to know. https://www.terrysavage.com/rmd-time-again/
Remember to withhold taxes!
And if you still have a 40lk plan, it’s time to do a rollover. Read this;
https://www.terrysavage.com/rollover-now/
If you will be 73 this year, the 40lk plan might require a RMD be taken before doing the rollover.
