Why are we required to state the amount of RMD when we are over 72?

djposti · ‎February 3, 2024

BillM223 · ‎February 5, 2024

The purpose of Retirement programs was not to let you build your estate to pass to your heirs, but to let you build a fund to retire on. That being the case, after a certain age, you are required to cash in a percentage of your retirement accounts each year. Please see "Retirement Plan and IRA Required Minimum Distributions FAQs"

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VolvoGirl · ‎February 5, 2024

If you are asking about a pension then say Yes it is the RMD. Anything the pension pays you is considered to meet the RMD.

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Why are we required to state the amount of RMD when we are over 72?