November 2019: Required Minimum Distribution (RMD)

This month’s newsletter we will be discussing IRA Required Minimum Distributions, RMD for short. RMDs are just as their name states: The IRS requires IRA (Individual Retirement Account) owners to take distributions from their accounts starting at the age 70 ½. This newsletter will discuss the RMD law, it’s purpose, and what your potential options are as an IRA account owner. To understand the purpose and function of RMDs, it helps to have a basic understanding of IRAs, specifically Traditional IRAs, not Roth-IRAs. The RMD law does not apply to Roth-IRAs. Traditional IRAs, are IRAs which contain funds that have never been taxed before, which thereby allow an account owner to deduct their cont

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