Required Minimum Distributions
RMD stands for Required Minimum Distributions. This is the amount you must take out of your retirement account (of a certain type) to avoid tax consequences.
Questions tagged [rmd]
23 questions
27
votes
5 answers
Why do baby boomers have to sell 5% of their retirement accounts by the end of the year?
This article on Marketwatch quotes Raoul Pal of Goldman Sachs claiming that baby boomers have to sell 5% of their retirement accounts by the end of the year. Here is the specific passage:
Pal says the third biggest issue facing stocks involves the…
Time4Tea
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12
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3 answers
Impact of RMD on credit worthiness
I was surprised after I retired when I could not get an increase in the credit limit on a credit card I'd held in good standing for many years. After I retired, the only income that qualified for a credit card or a credit limit was my social…
BobE
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How to calculate mandatory withdrawals for 401k? (Required Minimum Distribution)
I understand that 401(k)s have a mandatory withdrawal that can be triggered at some point.
What triggers a 401(k) mandatory withdrawal, and how is the amount of the withdrawal calculated?
Alex B
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8
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Do I have to take an RMD from my IRA next year?
I turned 70.5 last year and was required to take my required minimum distribution. I took it, but the laws changed at the end of last year making the new age for RMD at 72.
Do I have to take the RMD this year when I turn 71?
JACK
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7
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2 answers
Beneficiary IRAs and Required Minimum Distributions
If you receive a (non-spousal) Beneficiary-traditional IRA as a beneficiary due to death, is there a way to avoid taking a Required Minimum Distribution until your own retirement age? Or are you always required to take an RMD regardless of your…
Nathan
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RMD, how is it withdrawn?
How is RMD (Required Minimum Distribution) withdrawn, say the 4% RMD is withdrawn from each account separately (IRA, 403B, SEP IRA, Simple IRA) or is it computed on the entire retirement accounts and you can withdraw the total from any account(s)…
per
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Is a RMD required from a 401(k) if one is over 70 1/2 and still working full time and contributing to the 401K each week?
Is an RMD required from a 401(k) if one is over 70 1/2 and still working full time and contributing to the 401(k) each week? If so, can it be done online from the 401(k) site?
S. Erie
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1 answer
Required Minimum Distribution Tax Rates
As I understand it, if one sells Apple Stock in a 401K and takes the cash proceeds as RMD, then it is taxed as ordinary income and not capital gains.
If instead the stock was not sold and taken out of the 401K put in a IRA (as a stock), would the…
gatorback
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4
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1 answer
RMD Penalty Waiver
We accidentally neglected to take the RMD from one of our two 403b retirement accounts. As soon as we realized this, we had an accountant help us fill out a 5329 form for each tax year. He advised us not to pay the penalty, and ask for a waiver (we…
Mattman944
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3
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2 answers
Where on tax return to deduct IRA distributions made directly to charity?
Where on the Federal tax return does one subtract RMD (qualified money) distributions that have gone directly to a qualified charity; the 1099-R form reports the sum of ALL distributions, i.e. regular withdrawals as well as direct transfers to…
user2702
3
votes
2 answers
Does a rollover from RMD to Roth get taxed twice?
I am 79 years old, and this year might roll over money from a traditional IRA into a Roth account.
I have not done this before. Will I get taxed twice on the money, once for taking it out of the traditional IRA and once again for the pre-tax…
peter Clarke
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2 answers
Best time to take Beneficiary IRAs Required Minimum Distribution for reinvestment?
I have a Beneficiary IRA and have been reinvesting the RMD from it each year by putting it in a Roth IRA of my own. My understand is I can take the withdrawal any time during a calendar year and have until April 15th the following year to make the…
martineau
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1 answer
Two IRAs and RMDs
An investor, who is over 75, has two different IRAs. If the first IRA has an RMD of $4000 and the second IRA has an RMD of $6000, can he satisfy both RMDs by taking out $10,000 from the first IRA?
I live in the United States.
Bob
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Possibly better to pay RMD penalties than to take RMDs?
Could it ever be advantageous for a wealthy retired person over the age of 70-1/2 with significant taxable investment income to intentionally fail to take a Required Minimum Distribution (RMD) from an IRA and just pay the 50% penalty that is imposed…
MTA
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IRA rollover to 403B to prevent RMD
I turned 72 this June, so my traditional and SEP IRA accounts will be subject to RMDs starting next year. Since I’m still working, my 403(b) account isn’t subject to RMDs. I was hoping to roll over my IRA accounts into my 403(b) to avoid the RMD…
per
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