FAQs About RMDs
Joel Johnson, CFP® answers commonly asked questions on Required Minimum Distributions.
RMDs are distributions that you must take out of any accounts that you put money into tax deferred. When you begin to take money out, and are forced to take the money out, is when you are required to pay taxes on that money.
Some plans that have RMDs are 401(k)s, 403(b)s, 401(a)s and 457s. These are all accounts where money goes in pre-taxed.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.
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