"Hi Joe and Big Al: Been listening to your podcasts for the last couple of years. Helped a lot with my retirement planning. I have a couple of questions on RMD's:
1. I thought I heard before that, if you take partial withdrawals throughout the year for your RMD, you can delay paying the taxes for all withdrawals until the last withdrawal and the IRS will consider that as having paid the taxes for the earlier withdrawals at the time of those withdrawals?
2. Similarly, if you delay taking your RMD for the year you turn 72 until April of the following year, can you delay paying the taxes on that delayed RMD until you pay the RMD for the year you turn 73 later that year without running afoul of the IRS?
3. Since you must take your RMD 1st before you withdraw any other money each year, can you still do a Roth conversion withdrawal in the year you turn 72 if you delay the RMD for that year until April of the following year? -- Thanks, Kurt, Columbia, MD (P.S. I drive a 2013 Hyundai Sante Fe Sport and drink Yuengling lager beer. No pets)"

Listen to the entire Your Money, Your Wealth® podcast: [ Ссылка ]

Download the 2022 Key Financial Data Guide: [ Ссылка ]

Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.

Schedule a free assessment with an experienced financial professional:
[ Ссылка ]
Office locations: [ Ссылка ]
Ask Joe & Big Al On Air: [ Ссылка ]
Subscribe to our YouTube channel: [ Ссылка ]
Subscribe to the Your Money, Your Wealth® podcast: [ Ссылка ]

IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.
• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
CFP® - The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.

#RequiredMinimumDistribution #RMD #RetirementPlanning

свернуть