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Rule 1 099 Nmra Certificate  Form

Rule 1 099 Nmra Certificate Form

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in episode 356 we cover required minimum [Music] distributions rmd s uh stands for required minimum distribution if you've got money in a retirement account that could be an IRA or it could be a 401k that you've got at work or some other type of retirement plan when you reach a certain age you're required to take out a minimum minum distribution you can always take out more and this is the thing that we try and stress to folks when we're talking about planning options the impact that this is going to have on your bottom line on your taxes on your income this is a required minimum distribution so just remember that's just the minimum you can always take out more but when you reach a certain age you have to start taking out this minimum amount how is that calculated that seems to be the big mystery that we're going to try and solve in this video so it's based on a table that the IRS puts together it's published every year th

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