If you don't need the funds from your RMD to live, and your income meets the requirements, you could use the RMD to contribute to a Roth IRA. Special Considerations There are circumstances when the RMD rules noted above don't apply. For instance, if the owner of a Roth account—a 401...
If you have RMD questions, please consult with your own tax advisor regarding your specific situation. IMPORTANT: This calculator produces a current year result for a specific account, and may not satisfy your overall RMD requirements for other qualified retirement savings accounts you may have. ...
make sure to calculate and report the RMDs for each account separately. While you may have the flexibility to withdraw the RMD from any of your accounts, it is crucial to accurately report the distributions from each individual account. This ensures that you meet the requirements for each...
Required minimum distributions (RMDs) are a hallmark of retirement accounts. Even Roth IRAs, which have no RMDs during the Roth IRA owner’s lifetime, become subject to such requirements once a non-spouse beneficiary inherits the account. Thus, it’s fair to say that if not spent sooner, e...
Dec. 31 is the last day to donate shares to charity and the last day you can convert an IRA for the year.