Friday Dec 15, 2023

(FF) Required Minimum Distribution Madness

The IRS retirement rules around Required Minimum Distributions (RMDs) are an absolute trainwreck. They changed the ages, the exceptions, and even the penalties. This week, we lean on the wisdom of retirement tax consultant Ed Slott so you don't accidentally skip an RMD and get slammed with a 25% penalty. We'll explain the new RMD ages, inherited IRA 10-year payout rules, and key exceptions you need to know. Even some advisors are confused, so whether you're retired already or have an inherited IRA, don't miss this. It could save you thousands in penalties down the road!

Comments (0)

To leave or reply to comments, please download free Podbean or

No Comments

© 2023 GenWealth Financial Advisors

Podcast Powered By Podbean

Version: 20241125