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If you inherited an IRA before Dec. 31, 2019, you can still execute the stretch IRA. You will have to make a required minimum distribution this year as a result.
Since I am turning 73 in July, I have several questions about the required minimum distribution (RMD) rules that apply to a regular IRA account. I have 2 different IRA accounts.
Although 2023 is entering its final stretch, there are still things you need to know about this year's tax changes that can impact your retirement accounts. For the most part, the changes are ...
A nonspouse IRA beneficiary must either begin distributions by the end of the year following the decedent's death (they can elect a "stretch" payout if they do this) or, if the decedent died before April 1 of the year after he/she would have been 72, [a] the beneficiary can follow the "5-year rule". The suspension of the RMD requirements for ...
If you’ve reached age 72, you must take RMDs. Use this table as a guide.
Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog. An individual retirement account, more commonly referred to as an IRA, is a ...
Continue reading → The post 2023 Roth IRA RMD Rules appeared first on SmartAsset Blog. You might be familiar with Roth IRAs or you might even have one yourself. But while Roth IRAs can be simple ...
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