We’re rewarding the question askers & reputations are being recalculated! Read more.

Questions tagged [rmd]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
27
votes
5answers
10k views

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 ...
4
votes
1answer
162 views

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 ...
1
vote
0answers
32 views

RMD after annuitizing an annuity in a traditional IRA

I live in the United States and I have an annuity that hasn't been annuitized in a traditional IRA account (IRA A). I need to take a required minimum distribution (RMD) of $8K this year for IRA A. I ...
5
votes
1answer
144 views

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?
12
votes
3answers
791 views

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 ...
2
votes
2answers
161 views

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 ...
7
votes
2answers
291 views

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 ...
8
votes
1answer
8k views

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?