RMD Flashcards
1
Q
What does RMD stand for?
A
Required Minimum Distribution
(sometimes referred to as MRDs)
2
Q
What is the current age when you must take an RMD?
A
72
3
Q
What would be the estimated RMD for a $1,000,000 retirement account at 72?
A
$43,000
4
Q
What accounts are subject to RMDs?
A
401K, traditional IRA, (but not Roth IRAs)
5
Q
What are options for money withdrawn for RMD?
A
1) Invest in taxable brokerage account
2) donate to charity (without the withdrawal counting as income)
3)
