RMD
September 21, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M Required minimum distributions from your traditional IRA are a reality for anyone over 70 1/2. If you mistakenly miss taking that in the year you reach that age, you can take it byApril 1st. But you can’t delay and must take the second RMD by December of that year.
V That chunk might put you in a higher tax bracket or mean a larger portion of your Social Security benefits are subject to taxes. We want God to get the greatest benefit as all we have is His, on loan for our use. Direct donations to charitable places mean no tax taken. Money generously invested in Kingdom purposes.