This Week’s Q&A Mailbag: SEP contributions, RMDs, and Inherited IRAs
This week's Q&A Mailbag answers reader questions on SEP contributions, RMDs, and Inherited IRAs.
RMDs
Still-Working Exception and Indirect Transfers: Today’s Q&A Mailbag
This week's Slott Report Mailbag answers readers' questions about the still-working exception and indirect transfers.
Converting After-Tax Contributions and Aggregating RMDs: Today’s Q&A Mailbag
This week's Slott Report Mailbag answers readers' questions about avoiding converting after-tax contributions to a Roth IRA and aggregating RMDs.
This Week’s Q&A Mailbag: Two RMD Questions
This week's Q&A mailbag answers two reader questions about RMDs.
Keeping it SIMPLE and RMDs: Today’s Q&A Mailbag
This week's Slott Report Mailbag answers readers' questions about profit sharing plans and RMDS and SIMPLE IRAs.
QCDs and Roth Conversions: Today’s Q&A Mailbag
This week's Slott Report Mailbag answers readers' questions about QCDs and basis from a Roth conversion.
RMDs When You are No Longer “Still Working”
Required minimum distributions (RMDs) are fact of life for most retirement account owners once they reach age 70 ½. However, if you fit the definition of “still-working” you catch break and can delay your RMDs. What happens when you finally decide to throw in the towel and begin your well-earned retirement? Well, RMDs must start and that’s when things can get a little complicated. You will want to proceed with caution because a missed RMD is a costly mistake. There is a 50% penalty on an RMD that is not taken. That is not the way you want to start your golden years!
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