Q:
I must take an RMD this year, based on 12/31/2021 account values. My current account values are much less than those of 12/31/2021. This is typical, I'm sure. Is there any chance Congress will recognize this hardship and grant some relief similar to that granted several years ago when the virus pandemic began?
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Q:
I turn age 72 next month. Can I take part of my RMD this year and the balance before April of next year?
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Q:
I inherited an IRA from my brother who passed away on January 6, 2022. His DOB was 12/31/1952. He had just turned age 69. I am 75 years old. My DOB is 6/26/1947.
I understand the rules have changed regarding inherited RMDs recently, and some accounts need to be depleted within a 10-year period. I watched a video recently on YouTube that said there were some exceptions to the rule. One exception is that you could use the stretch rule (meaning your life expectancy) if the beneficiary is not more than 10 years younger. I am 5=C2=BD years older than my brother. Would that stretch rule apply to me?
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Q: Can an IRA to Roth IRA rollover be spread out over two transactions to soften the upfront tax hit?
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