Show Notes
This bonus episode goes over how to navigate Required Minimum Distributions (RMDs) from your Retirement Account. Chris Trembly, Director of Operations at Preferred Trust Company, answers her most commonly asked questions regarding RMDs.
Timecodes:
1:10 Types of retirement plans are subject to RMDs
1:55 When must the 1st RMD be withdrawn?
3:00 RMD calculation
5:00 Can I take my RMD from another account aside from my SD-IRA?
6:10 RMD Penalty- Excise Tax
7:35 Taxes
9:15 Inherited IRAs
10:40 Process of RMDs
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Preferred Trust performs duties of a custodian and as such, does not sell investments or provide investment, tax, or legal advice.
