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Retirement tax questions
The RMD rule is that you must withdraw a minimum amount from your retirement account each year based on the size of the account and your life expectancy. You are required to drain the account at least partially during your lifetime, so that you can’t completely avoid taxes by having your children inherit it.
because the payments for traditional pensions are based on your life expectancy, traditional pensions automatically are considered to satisfy any RMD rules.
December 22, 2020
6:56 AM
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