IRA Required Minimum Distribution...
On 2/13/2014 8:01 AM, Poco Loco wrote:
...calculation is very simple. Get the total value of your IRA's (not Roth) as of the end of the
previous year, divide by a number provided in the IRS table, and that's your minimum distribution.
Then give it to your kids as a Christmas present, minus the taxes you'll owe on it.
Simple, huh?
Or you could get involved in another hobby. Or buy some more guns, or maybe a motorcycle.
So, all you youngsters have nothing to fear. Don't pay some CPA guy to do your taxes for you.
tell me all about it. We'll be needing to do that soon.
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