How to ensure you take RMDs from the right accounts? | The RMD Aggregation Rule

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An overlooked topic rounding taking your required minimum distributions is knowing which accounts you need to a given RMD from?

Many people think you can simply add up all of the RMDs you are set to take and you can take them all from one specific tax-deferred accounts.

Unfortunately, the IRS will penalize you for this. RMD rules specify that you need to follow RMD aggregation rules.

For instance, you cannot take a 401k RMD from an IRA. You need to take each of those RMDs separately.

If you break these rules, you will owe a 50% tax penalty in the amount you mistook.

In this video, we explain RMD aggregation rules thoroughly to help you understand which accounts you need to take which RMDs from.

We will discuss:
✅ How RMD Aggregation Rules work and determine where you need to take Required Minimum Distributions From

✅ How to calculate your RMD with these rules in mind

✅ How to ensure you don't make RMD mistakes in the future

#RequiredMinimumDistributions #retirementtaxplanning #RMD

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