Thursday, March 19, 2015

"When To Take Required Minimum Distribution From Retirement Plans?"

If you Turned 70 1/2 years during 2014, you have to Take Required Minimum Distribution (RMD) by April 1, 2015.  The Retirement Plans include IRA, 401(k), 403(b), 457 plans.  RMD amount is based upon Life Expectancy Tables and worksheets in IRS Pub 590-B.  Also, you will be required to take a second RMD Distribution for 2015 by Dec 31, 2015.

Suggest Tax Planning for RMD Distributions of 2015.

For Q & A Contact :  Kash, (925) 963 4891 @ Yajnik & Mehta Associates  (YMA) 
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