It’s Sunday, which means...It’s recap time! 

The theme for this week was: Required Minimum Distributions, otherwise known as RMDs. When you reach the age of 70 ½, you have to start distributions from your IRA, 401k, and other qualified accounts by the end of each calendar year with rare exceptions. 

It’s a common source of confusion among my clients, and I get lots of questions about RMDs, especially towards the end of the year, so I addressed the questions I get asked most often about RMDs in this week’s tips. 

Here are the frequently asked RMD questions that were covered in each episode this week: 

• Do I Have To Take My RMD?
• Understanding Gross vs. Net IRA Distributions
• What Should I Withhold For Taxes On My RMDs?
• Can I Aggregate RMDs From Multiple Accounts?
• What Happens If I Don’t Take My RMD By The End Of The Year?

Hopefully after listening to these tips on RMDs this week, the funky rules that engulf RMDs in a cloud of fog, are more clear to you, and you are armed to make smarter and better-informed decisions about your own RMDs than you were just a week ago. 

If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”. 

Tomorrow, since it’s Thanksgiving week, we’re doing something special. It’s gratitude week here on the One Minute Retirement Tip. Practicing gratitude is all the rage these days and I’m so happy about that. Not only does genuine gratitude make us happier, it can also help with your finances and retirement. So I’ll be devoting next week to gratitude, looking at it through the lens of your money and retirement. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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