You might be able to excuse yourself from any tax penalties if you missed the 60-day period for rolling your distribution amounts into another retirement plan or IRA. To do this, you will need to go through a self-certification waiver procedure from the IRS. Once the IRS qualifies you ...
Plan Information: Year of RMD:*Enter an amount between 2010 and 2040? 2010 2020 2030 2040 Amount Subject to RMD:*Enter an amount between $0.00 and $1,000,000,000.00? $0 $10k $100k $1m Owner's birthdate:*Please enter a valid date for Owner's birthdate? Age 73 as of 12/31/...
401k Plans Roth 401k Plans 403b Plans 457b Plans NOTE: RMD rules do not apply to Roth IRAs while the original owner is still alive WHEN must an RMD be taken? The initial required minimum distribution for an account owner must be taken by April 1st of the year following the year the ac...
Rollovers Are Subject to Plan RMD Rules.The article offers information on the rules for the rollover of the required minimum distributions (RMDs) of older employees under employer's 401 (k) plan.EBSCO_bsp401k Advisor
Very interesting GCC. Looking at your calculations, the only flaw I see is the ‘What if?’ of taxation rates changing. That will likely occur, but can it be predicted well enough to plan for it? Probably not. At this point, I’m most interested in how you manage to get funds out ...