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Helping Diligent Advisors Ensure They're On The Right Planning Path

Can I Avoid Taking My RMD After Reaching My Required Beginning Date?

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The rules surrounding RMDs are complicated and often require a few conversations with clients to help them understand the issues that must be considered.

To help make this easier, we have created the “Can I Avoid Taking My RMD After Reaching My Required Beginning Date?” flowchart. This flowchart addresses common questions about RMDs for clients that have reached RMD age, including:

  • What to do if a client forgot to take an RMD
  • How the RMD is calculated
  • How to handle multiple retirement accounts
  • Which RMDs can be combined and which ones can not
  • Considerations if the client is still working or a business owner

 

Updated for 11/15/2020

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