IRAs with annuity holdings are subject to the IRS rule known as required minimum distributions (RMDs), which triggers when an individual reaches the age of 70 ½. RMD withdrawals, however, are NOT required to be taken from a non-qualified annuity. Simply stated, the concept of RMDs does ...
Does a Non-Deductible IRA Have Required Minimum Deductions (RMDs)? Yes. A non-deductible IRA hasthe same RMDsas any other IRA. You must start taking a certain amount out every year starting at age 73. How much you have to take out each year depends upon your age and other factors.6 ...
the spousal beneficiary must continue to receive the distributions as calculated or submit a new schedule based on their own life expectancy. If the owner had not yet committed to an RMD schedule or reached theirrequired beginning date (RBD)—the age at which they had to begin RMDs—the benef...
take a potential state tax deduction (if their state allows), control the investments, take tax-free qualified distributions, and name/change the beneficiary. Furthermore, when the