IRS Notice 2022-53 Waives the 50% Excise Tax on RMD Failures for 2021 and 2022 RMD for Some Beneficiaries
By Denise Appleby If you did not take your RMD from your inherited IRA in 2021 or 2022 because of the confusing messaging from the
Required Minimum Distributions
Explore
Advisor Retirement Planning Resources
Advisors Guide: IRS Waives the 50% Excise Tax for 2021 and 2022 RMDs for Some Beneficiaries
By Denise Appleby The IRS acknowledges confusing messaging for the new 10-year rule for beneficiaries and waives the 50% excise tax for 2021-22 RMD shortfalls
2022 Means New Tables for RMDs: The Top 5 Provisions You Must Know
2022 Means New Tables for RMDs: The Top 5 Provisions You Must Know By Denise Appleby New RMD tables mean lower RMDs for IRA owners.
The Top 5 IRA Reminders for Year-End 2022
By Denise Appleby Missing the year-end deadline for some IRA transactions could mean missing out on tax saving opportunities or being subject to excise taxes.
Advisor Retirement Planning Resources
New IRS View on 10-Year Rule Means Some IRA Beneficiaries Must Pivot
By Denise Appleby The IRS issued proposed RMD regulations in February that contradict the widespread industry interpretation of the 10-year rule. This means certain misinformed
Proposed RMD Regulations Would Give Some a Break from the 50% RMD Excise for Missed RMDs
By Denise Appleby https://www.linkedin.com/in/deniseappleby Owners of retirement accounts (participants) and beneficiaries with inherited accounts (beneficiaries) must take any required minimum distributions (RMDs) by the applicable
If You Reached Age 72 In 2021, You Might (Or Might Not) Have Until April 1, 2022 To Take Your 2021 RMD.
The IRS issued IR-2022-69 on March 25, 2022, in which they reminded owners of retirement accounts that some must take their 2021 required minimum distributions
When Do I reach Age 70 ½ for RMD Purposes?
Definition You reach age 70 1/2 ( 70.5) 6-months after the 70th anniversary of your date-of-birth. The significance of age 70 1/2 The significance of
