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Say Goodbye to IRA Required Distributions RMDs?

By Tom Palmer May 2, 2024 1 mins read 39644 Views
The IRS has released IRS Notice 2024-35, which waives Required Minimum Distributions (RMDs) for certain inherited IRAs in 2024. This update could significantly impact financial and estate planning, especially for those subject to the SECURE Act's 10-year rule. Join attorney Andrew Bethel as he explains what this waiver means for you, whether you're managing personal RMDs or inherited IRAs. He delves into the SECURE Act, the 10-year rule, and strategies for minimizing your tax burden. Discover how the waiver affects estate planning, personal and inherited IRA obligations, and how it can influence your financial goals. Don't forget to like, subscribe, and share this video with anyone interested in estate planning or who has recently inherited an IRA.

0:00 - Introduction & Background
0:32 - The SECURE Act and IRS Notice 2024-35 Explained
1:53 - RMDs for Inherited IRAs Amid Personal RMD Obligations
3:35 - Practical Strategies for Managing Your RMDs
5:04 - Implications for Individuals & Families
5:29 - Estate Planning Considerations
6:20 - We’re Done with Taxes

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*Disclaimer*
Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.

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By: Bethel Law
Title: Say Goodbye to IRA Required Distributions RMDs?
Sourced From: www.youtube.com/watch?v=erqvqLRp1GY


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