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Level 2
September 28, 2022
Question

RMD

  • September 28, 2022
  • 1 reply
  • 6 views

I have a large portion of my retirement in IRA's that have dropped over 35% since Dec 2021. Is the IRS/govt making any provisions for calculating 2022 RMD levels considering I am not alone in this loss of retirement income?

    1 reply

    DoninGA
    Level 15
    Level 15
    September 28, 2022

    No, the tax code has not changed in reference to RMD's for tax year 2022.

     

    Go to this IRS website for RMD information - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds