Evan, Dan, Ira, and Jim join Paul to discuss the new required minimum distribution (RMD) rules and modifications over the last month. Temporary changes to the 10% penalty of withdrawing funds from retirement plans are also covered. Is withdrawing money from your retirement plan a good idea? What can you do if you have already taken out an RMD in 2020 when it is not required for this year anymore? Tune in and find out. Seeking to avoid financial mistakes during this downturn? Learn from Paul through a free webinar, available at http://www.paulwinkler.com/webinar. This is hour 2/3 recorded on April 4, 2020.
Inheriting an IRA Is More Complicated Now Than It’s Ever Been
Today, Paul talks about how tax laws around the 10-year rule on inherited IRAs make inheriting this common retirement vehicle more complicated