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Qp401k Distribution Due to Death Request Form

Qp401k Distribution Due to Death Request Form

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hi this is Liz and welcome to learning with Liz and today we're gonna be talking about our 401k required minimum distribution also known as our our MD so as we know what the RMD you need to begin taking distributions out by your 70s and a half birthday or the year that you retire so now the question is what happens if you have an rmz for a deceased person it's not comfortable to talk about but it's something that we definitely need to address because it's a common question so let's say for example my husband passed away and he had already began to make his RMD each year so let's say he took out $20,000 and 2018 once he's deceased in 2019 I need to take out one more distribution before I can hold on to the money so I'm required in 2019 to take the same amount that he took out the first time in order to close it out then that money really depends on the age of the beneficiary so let's just say I'm 59 years ol

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