Can I Avoid Taking My RMD After Reaching My Required Beginning Date?
The rules surrounding RMDs are complicated and often require a few conversations to help you understand the issues that must be considered.
To help make this easier, we have created the “Can I Avoid Taking My RMD After Reaching My Required Beginning Date (RBD)?” flowchart. This flowchart addresses common questions about RMDs if you have reached RMD age, including:
What to do if a client forgot to take an RMD
How the RMD is calculated
How to handle multiple retirement accounts
Which RMDs can be combined and which ones can not
Considerations if the client is still working or a business owner
Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.