RMD: How to Take Required Minimum Distributions? I YMYW Podcast
Question: (Scott, voice message) Hey you guys, I hope you’re doing well. I have a question about MRDs, I guess, minimum required distributions for 403(b). I know that you have to start taking them at a certain time, 72 and a half, or I don't know if they've changed that. But when it comes to the age when you have to take it, do they just automatically start sending you checks? Do you have to fill out an application? Blah, blah, blah. What is the process for you to start taking it so that you don't get penalized? Thanks.
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RMD Mistakes to Avoid: https://purefinancial.com/ask-pure/5-costly-required-minimum-distribution-rmd-mistakes-to-avoid/?utm_source=youtube.com&utm_medium=PodcastClips&utm_campaign=YMYW
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with any one of our experienced financial professionals: https://purefinancial.com/lp/free-assessment/?utm_source=youtube.com&utm_medium=PodcastClips&utm_campaign=YMYW
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IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.
#RequiredMinimumDistributions #RMD #RetirementPlanning
Видео RMD: How to Take Required Minimum Distributions? I YMYW Podcast канала Your Money, Your Wealth
Listen to the entire Your Money, Your Wealth® podcast: https://bit.ly/ymyw-378
RMD Mistakes to Avoid: https://purefinancial.com/ask-pure/5-costly-required-minimum-distribution-rmd-mistakes-to-avoid/?utm_source=youtube.com&utm_medium=PodcastClips&utm_campaign=YMYW
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with any one of our experienced financial professionals: https://purefinancial.com/lp/free-assessment/?utm_source=youtube.com&utm_medium=PodcastClips&utm_campaign=YMYW
Office locations: https://bit.ly/PureLocations
Ask Joe & Big Al On Air: https://purefinancial.com/ymyw/ask-joe-and-al/?utm_source=youtube.com&utm_medium=PodcastClips&utm_campaign=YMYW
Subscribe to our YouTube channel: http://bit.ly/YMYW-YouTube
Subscribe to the Your Money, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=y
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.
#RequiredMinimumDistributions #RMD #RetirementPlanning
Видео RMD: How to Take Required Minimum Distributions? I YMYW Podcast канала Your Money, Your Wealth
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