IRA

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Asked by jeanellwoodruff
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi jeanellwoodruff, Was your spouse taking RMDs before he passed? Here is a link to the IRS worksheet for calculating your RMD: https://www.irs.gov/pub/irs-tege/u...
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Asked by Michael
Answered by Linda A. Stortz, CPA, EA in Seminole, FL
You must be asking if you can "make" an IRA contribution, rather than "take" an IRA contribution. No, either one of you must have earned compensation from wages, salar...
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Asked by Michael
Answered by Barry Rabinowitz, Financial Adviser in Plantation, FL
The law is that you must take RMD at age 70 1/2. You should get a statement from your broker, and based on 12-31 balances of the prior year, the amount you must withdraw.
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