RMD Financial Animator, Explainer, Corporate
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
When you reach age 70.5, you're required by the I. R. S to withdraw a certain amount of money from your retirement accounts each year. This withdrawal is called a required minimum distribution, or RMD. You need to calculate your RMD for each IRA separately, but you have the flexibility to take your total RMD amount from either a single IRA or a combination of IRAs referred to RMD calculator on I. R. S or other site. The deadline for taking Rmds is December 31st of each year. You may delay taking your first rmd and Onley your first until April 1st of the year after the year in which you turned 70.5. If you choose to delay your first RMD, you'll have to take your first and second arm D in the same tax year. While it may seem like you've got a lot of time, the December 31st deadline will arrive quickly. The key to avoiding delays and extra stress is to plan ahead