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Retirement tax questions
The people you are talking to are confused, because the rules are confused.
You must follow the 10 year rule. However, the 10 year rule also includes an RMD requirement in addition to the requirement to empty the account within 10 years. As mentioned, this is a new rule and you won't be penalized yet, but that's where the confusion comes from.
‎July 23, 2023
9:21 PM