Required minimum distributions can be confusing, and carry huge IRS penalties if you don't handle them right. In fact, if you don't take enough out of your IRA after age 70.5, you could be penalized up to 50% on your tax return!
In this episode Mary Sterk delivers the must know facts to keep you in line with the complex RMD rules. She will discuss what RMD means, who needs to take one, by when, and how they are calculated. Mary will also discuss strategy regarding when to start and how taxes are impacted. Listen in to make sure your RMD's are handled with care.