Expert breaks down rules involving RMDS from retirement accounts
U.S. taxpayers have numerous options for saving for retirement, whether working for an employer or self-employed.
There are limitations on how much can be deposited each year, and there are rules on when distributions must begin. The rules can be tricky, and Congress has modified them in recent years.
Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Suzanne Alexander on minimum distributions, the latest modified rules, and the big takeaways for farmers.