Ep 6: What to Know About Required Minimum Distributions (RMDs)

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As the end of the year approaches, people start taking a closer look at those tasks that need to be finished before the calendar changes. One that always comes up around this time is Required Minimum Distributions (RMDs).
Since we get questions on RMDs quite a bit, let’s dive in a little deeper on what you need to know. What do these actually mean? Who does it apply to? How might it change in the coming years? We’ll answer those questions and more on this episode.
Here is some of what you will learn in this episode:

· What is an RMD? (2:21)

· How do you determine how much needs to be taken out? (6:36)

· The penalty you face if you forget to take your RMDs. (9:23)

· What would the SECURE Act 2.0 change about RMDs? (12:28)
RMD references - https://www.investopedia.com/terms/r/requiredminimumdistribution.asp

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