RMD Distribution Basics

The taxation of RMDs can significantly affect finances in retirement. For the IRS, the RMD amount due is straightforward but deciding where to pay RMDs from can be anything but. You will need to take RMDs and may be able to combine from the following types of retirement accounts:

• Traditional IRA
• Rollover IRA
• Inherited Simplified Employee Pension (SEP)
• Savings Incentive Match Plan for Employees (SIMPLE)
• 401(k)s, 403(b)s and 457(b)s
• Roth 401(k)

Let us help you alleviate the burden by developing a plan ahead of time and guiding you through the process so you can avoid any mistakes.

All the best,