required minimum distribution

Update on Retirement Account Required Minimum Distributions

March 29th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Retirement, Retirement Plan, RMD, Services, Tax, Tax Advisor, The Burns Firm|Tags: required minimum distribution, Retirement Account, Retirement Account Required Minimum Distribution, RMD, SECURE 2.0, tax advisor, The Burns Firm|

If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. [...]

Still Working After Age 70½? You May Not Have to Begin 401(k) Withdrawals

April 16th, 2019|Categories: Burns Firm, Retirement Plan, Tax, Tax Planning|Tags: 401K, accounting firm in Dallas, CPA, CPA Dallas, qualified retirement plan, required minimum distribution, RMDs, tax, Tax planning, The Burns Firm, working after 70 years old|

If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year [...]