Video: A Reminder for seniors over age 72 to start withdrawals from IRAs and retirement plans
IRS reminds those over age 72 to start withdrawals from IRAs and retirement plans to avoid penalties.
RMD
RMDs and IRA-to-Charity Distribution Provisions
The tax law permits individuals aged 70½ or over to transfer funds from their IRA accounts to charities in what is referred to as Qualified Charitable Distributions (QCDs).
Retirement Planning
Time is Running Out to Take Your 2021 RMD
Taxpayers aged 72 and over are required to take a required minimum distribution from their retirement plans each year or face a substantial penalty.
Retirement Planning
Required Minimum Distributions Have Resumed for 2021
Required Minimum Distributions were suspended in 2020 as part of the COVID relief. The suspension was for one year only and the RMD requirement resumes for 2021
Retirement Planning
Complications to the IRA-to-Charity Distribution Provision
Individuals are required to begin taking distributions from their IRA when they reach a certain age. That age was 70½ until Congress passed the SECURE Act in l
Required Minimum IRA Distributions Will Resume in 2021
As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans was waived for 2020. Thi
Video: Required Minimum IRA Distribution Resumption for 2021
The Required Minimum Distribution for traditional IRA was suspended in 2020 but will resume in 2021. Watch this video for what to expect.
VIDEO: IRS Extended the Deadline to Return Your 2020 RMD
IRS Extended the Deadline to Return Your 2020 RMD
IRS Provides Additional 2020 RMD Rollover Relief
The CARES Act waived required minimum distributions (RMDs) from IRAs and employer plans such as 401(k)s for 2020. However, the CARES Act was not passed until Ma
Did You Take Your 2020 RMD Too Soon?
As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans has been waived for 2020