Reason to Care About RMDs

Many people may think RMD rules are for people of greater means than they are. Their concern may be stretching limited means, rather than postponing withdrawals as long as possible.

The fact of the matter is, most individuals have assets other than their IRA or retirement plan account. For individuals of limited means, prolonging the tax advantages of these accounts could help them stretch their funds a little longer than expected. This would mean not making withdrawals from nonqualified assets until forced to do so by the RMD rules. We can help these individuals greatly if we know what these rules require.