Blog Archives

Required Minimum Distributions – Part 2

                In last week’s blog post I covered the basics of how required minimum distribution (RMD) rules work for IRAs and other tax deferred retirement accounts.  To summarize you must take out a minimum amount from your account each year.  That’s RMD and it starts in the year you turn age 70 and ½.                 […]

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An RMD and Tax Waiver Problem -Part 1

       Although New Jersey no longer has an estate tax we still have an inheritance tax and with it a tax waiver. Last week we received a call from Mary who had been appointed executrix of her Aunt June’s estate. June had not taken her required minimum distribution (RMD) amount for 2018 from […]

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