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Retirement tax questions
@sylviasfmak wrote:
Is the law change now = The age that must taking money out from IRA (RMD) is 70?
what is the minimum %? If I have 3 IRA type investment accounts, do I need to withdraw
RMD from each account?
2020 and later 72.
If you turned 70 1/2 in 2019 or earlier then you had to take a 2019 RMD and for all years after that (except the 2020 RMD was waived).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 8, 2021
6:09 PM