Required Minimum Distribution (RMD) Explained #Shorts

本站添加: 2026-05-16

[00:00:00]Did you know that missing one retirement withdrawal could cost you 50% of what you were supposed to take out [music] in taxes and penalties?

[00:00:08]It's called a required minimum distribution or RMD [music] and it's a rule from the IRS that forces you to withdraw money from retirement accounts. Once you turn 73 years old, you must [music] start taking money out of your traditional IRA or 401k every single year.

[00:00:26]The IRS calculates how much you need to withdraw based on [music] your account balance and your age using special life expectancy tables they provide. If you skip your RMD or take out less than required, the IRS hits you with a massive 25% penalty on the amount [music] you missed. That penalty used to be 50% but it's still huge enough to seriously damage your retirement savings [music] if you're not paying attention to deadlines. You must take your RMD by December 31st each [music] year except for your very first one which can wait until April 1st the [music] following year. Follow for more health tips like this.