One of the best-known examples of this is the Required Minimum Distribution (RMD) rule for 401(k)s and IRAs. It’s natural to wonder if 529 plans have similar rules. The good news for savers is that 529 plans don’t limit how long money can remain in the account. The only rule ...
Roth IRA account owners don't have to takerequired minimum distributions (RMDs). An RMD is a minimum amount, as established by the IRS, that must be withdrawn from a traditional IRA and a defined contribution plan each year once you reach a certain age. If you were born between 1951 and...
IRAs have RMDs. HSAs do not. So if you'd rather take a smaller RMD, put some of that IRA money into an HSA. You'll definitely be better off if you spend the money on health care eventually, but possibly will be better off even if you don't since after Age 65, an HSA functions...