• Steve Martin

117 Things We Do for Our Client - Number 4

Updated: Oct 14, 2020

4. We help you determine and manage the complexities of your IRA RMDs.


We help you determine and manage the complexities of your IRA RMDs (Required Minimum Distributions).

Figuring out your RMD’s can seem like an easy, straightforward calculation.

But it's not. All of the regulations and options can be confusing.

Not all RMD’s must be taken by December 31. The laws change.

The factors used in the calculation change every year. IRA owners whose spouse is more than 10 years younger must follow different laws.

RMDs from 401(k), 403(b), etc., follow different rules. You don’t have to take cash.

You may not owe any tax on an RMD but the IRS leaves it to you to know how to apply the rule.

Withholding taxes is voluntary.

You can’t roll over an RMD.

Penalties for messing any of this up can be has much as 50% of the amount you failed to withdraw.

Additionally, it may make sense to take more than your RMD out in a given year - to minimize your overall taxes.

It's confusing.

We help make it easier.



*To see the whole list of "117 Things" in progress, click here.

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