New IRS Regulations on Year-of-Death RMDs
Source: Ed Zurndorfer
Much has been written in recent years in financial journals and media outlets about the year-of-death required minimum distribution (RMD). Nevertheless, the rules governing the year-of-death RMD continue to confuse retirement account owners and financial advisors. On July 18, 2024, the IRS released final regulations on year-of-death RMDs. These regulations clarify the year-of-death RMD rules and include changes that make taking the year-of-death RMD less onerous on beneficiaries. This column summarizes these regulations. Follow link to read more. https://stwserve.com/new-irs-regulations-on-year-of-death-rmds/