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.**