Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics > Investing
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 07-25-2023, 05:16 PM
 
Location: Hawaii.
4,858 posts, read 464,675 times
Reputation: 1136

Advertisements

I suppose we are all aware of this beast: the dreaded Required Minimum Distribution. The required AMOUNT each year depends on the amount in your account and your age--- which gives a supposed "Distribution period" provided on a table published by the IRS.

BUT THE DISTRIBUTION TABLE is different for you, if:
a) your spouse is the only Primary Beneficiary AND
b) s/he is more than 10 years younger than you.

People need to know about these things. (RMDs must start when you hit age 73.)
The necessary information and charts are in IRS Publication 590. Good luck finding those charts and tables and graphs. Who puts this stuff together? A team of monkeys from Neptune?
https://www.irs.gov/forms-pubs/about-publication-590-b
Reply With Quote Quick reply to this message

 
Old 07-25-2023, 05:22 PM
 
Location: Hawaii.
4,858 posts, read 464,675 times
Reputation: 1136
I hit the wrong button. Let Big Brother here on the Board combine and delete these two items, which are NEARLY identical.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Investing
Similar Threads

All times are GMT -6. The time now is 09:55 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top