STUPID EASY Way to Calculate Your RMD In 4 STEPS. #financialplanning #income #taxes

STUPID EASY Way to Calculate Your RMD In 4 STEPS. You have been deferring taxes for years but now the IRS wants their taxes because you are now 72 or older. Make sure you don't overpay or pay penalties with these 4 easy steps.




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[Satjr]

It’s a lot easier to use the multiple times table than the division table

[MaxGrey]

Does this really have to be calculated seperately for each account (assuming that all accounts are traditional IRA accounts) or could you just sum all the accounts, do the RMD calcuation and then make sure to withdraw that total (from one or more of your accounts)?

[bernaclischurchill]

I know this video is old, but I will turn 73 on 12/28, this puts my birthday too close to the cut off date, or does it. it would only give me 48 hrs to make the necessary transactions so that I would not end up having to take two RMDs the following year..

Do you think a brokerage firm can move that fast to meet the necessary deadline, or can I request my RMD before my actual birthday, to meet the cut off?

[touringusa]

Is the filers age considered that it is on 12/31 of the previous year (as is the IRA amount taken), or is the filers age considered one year older after his birthday in the year that he files? What if he files before he turns one year older in the year he files? There seems to be some confusion about this. Thx for your insight.