The rules surrounding RMDs are complicated and it is easy to overlook key issues that must be considered.
This flowchart addresses common questions about RMDs for individuals that have reached RMD age, including:
- What to do if you forgot to take an RMD
- How the RMD is calculated
- How to handle multiple retirement accounts
- Which RMDs can be combined and which ones can not
- Considerations if you are still working or a business owner
