Planning
RMDs: We’re Baaaack!
RMDs are back for 2021! Make sure you don’t get his with penalties.
December 14, 2020
Month: December 2020
RMDs are back for 2021! Make sure you don’t get his with penalties.
What most people don’t realize: There are some important details about how and when these delayed credits are actually added to your benefit.
Congratulations—you’ve built up a healthy retirement nest egg, maybe even a couple million bucks in a traditional IRA. Cue the applause! No worry about tax traps now! But as you reach retirement and start thinking about how to spend it (or pass it on), Uncle Sam is waiting with a few surprise moves that could mess with your plans. These are the tax traps.
