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HOW ARE ANNUAL RMDS IN THE 10-YEAR PERIOD CALCULATED?

By Ian Berger, JD IRA AnalystIn the July 22, 2024 Slott Report, my colleague Sarah Brenner explained how the IRS, in its final SECURE Act required minimum distribution (RMD) regulations issued on July 18, did not budge on a controversial position it had taken in its 2022...

REQUIREMENT DURING 10-YEAR RULE STANDS

By Sarah Brenner, JD Director of Retirement Education On July 18, 2024, the IRS issued final required minimum distribution (RMD) regulations under the 2020 SECURE Act. The newly issued regulations fine-tune existing rules for trust beneficiaries and aggregation of RMDs. They also eliminate burdensome rules for certain...