Sound Retirement Radio

353 Understanding Required Minimum Distributions - RMD

07.12.2021 - By Jason ParkerPlay

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In this podcast episode Jason looks at the Required Minimum distribution.  For all of the show notes and resources mentioned in this episode visit SoundRetirementPlanning.com What is the RMD What is the RBD What is the penalty for missing the RMD What types of accounts have an RMD When do you have to take the first RMD and subsequent RMD's How have the RMD rules changed recently How do you calculate the RMD When do people take their RMD's We explore the three different distribution tables the IRS has for calculating your RMD and which one you will need to use We will look at how the RMD changes over time Why the RMD will be decreasing starting in 2022 How might the RMD change again What are after tax contributions to an IRA and how are RMD's impacted? How to avoid paying taxes on your RMD

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