Money Wisdom: FAQ’s about RMD’s

Money Wisdom

NEW HAVEN, Conn. (WTNH) — CT Style Reporter Natasha Lubczenko, welcomes “Money Wisdom” sponsored by Johnson Brunetti. 

Joining us is Eric Hogarth, Certified Financial Planner and Johnson Brunetti Partner.

Many people get confused over Required Minimum Distributions. Some of the rules changed last year on RMD’s as well. Here are some of the frequently asked questions when it comes to RMD’s.

  1. What types of retirement accounts require an RMD?
  2. How do I avoid paying tax on my RMD?
  3. How much tax should I withhold from my RMD?
  4. What happens if you do not take the RMD?

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