Objective information about retirement, financial planning and investments



  1. Wow, I didn’t realize the fine was so steep on not taking the RMDs. I recently read an article theorizing that the government may change the rules on Roths to also require RMDs in the future, hopefully that doesn’t happen!

    • Roger Wohlner says

      Thanks for your comment John. The penalties for not taking RMDs has always been high, but with the reporting requirements for custodians that went in effect a few years ago the penalties are now easier to enforce. As for the Roth RMDs I had not heard this, but I would not be surprised if changes were to happen.

  2. My Roth 401(k) combines my after-tax contributions with my employer’s pre-tax contributions. Is my account subject to a partial RMD at age 70.5?

    • Roger Wohlner says

      David thanks for the comment. Assuming that you don’t own 5% or more you may be able to delay the RMD on this 401(k) account only. Your best bet is to ask your plan provider or administrator.

  3. T E McGinness says

    Whom would I look to in instruct my two children about how to direct our IRA’s into two new IRA accounts in each of their names? Is that a function of the custodial company or my lawyer?

    • Roger Wohlner says

      Thank you for your comment. It sounds like you are looking to allow your children to be able to open inherited IRAs should they desire. You will want to check to see if your custodian can and will be able to facilitate this and you will also want to consult with either a financial advisor and/or an attorney who understands the IRA landscape. Not all advisors fully understand how this works and bad advice here can be costly to your kids.

  4. Actually, there some technicality involved in this your article. However, I gained some insights on how the required minimum distribution (RMD) is being calculated.

  5. Jean Hanan says

    In 2019 did a new Required Minimum Distribution tax law pass that raised the age that you have to take it. If so, how does that affect those that tired 70 1/2 in 2019.

    • Roger Wohlner says

      Jean thanks for your comment. At this point the current rules remain, a bill has passed the House that would raise the age to begin RMDs. The measure has not yet passed the Senate nor has it been signed into law. Depending upon the final version, there could be some other significant changes, including the rules for RMDs on inherited IRAs.


  1. […] as part of the PATH Act year-end tax extender package. This pertains to those taking their annual required minimum distribution (RMD) from their IRA account and who are over the age of 70½. This provision allows the use of all, or a portion, of the […]

  2. […] those who reach age 70½, taking required minimum distributions is a fact of life. RMDs are mandatory from most retirement accounts, including traditional IRAs and […]

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