Скачать или смотреть December 31 Deadline: The IRS Will Take 25% If You Forget This.

My neighbor Frank forgot one simple thing before December 31
The IRS sent him a letter in April
They took 25 percent of what he should have withdrawn
Over two thousand dollars gone
And the worst part
I almost made the exact same mistake
In this video I share what happened to Frank and what I learned from his expensive lesson. If you are 73 or older or getting close to that age this is something you need to know before the year ends.
We talk about

What the December 31 deadline actually means
How to calculate exactly what you need to withdraw
Why having multiple retirement accounts makes this tricky
The first year trap that can double your tax bill
How to fix it if you already made a mistake

I am not a financial advisor. I am just a retired guy who has been researching these things so I do not make costly mistakes myself. And when I learn something important I like to share it with folks like us.
If this helps even one person avoid what happened to Frank it was worth making.