Required minimum distribution (RMD) basics
2:02
YouTubeInspira Financial
Required minimum distribution (RMD) basics
When you reach the age of 73, the IRS requires you to withdraw money from your retirement accounts each year. This withdrawal is called a required minimum distribution (RMD). All RMDs are taxed as ordinary income, meaning withdrawals will count toward your total taxable income for the year. The key to avoiding delays and extra stress is to plan ...
1.5K viewsJul 26, 2024
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