rmds in A Sentence

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    However, with a Roth IRA, there are no Rmds.

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    But with a Roth IRA, there are no Rmds.

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    Once you start taking Rmds from a retirement account, you can no longer make any new contributions to it.

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    However, if you're still working for the employer past age 70½ you may be able to delay taking Rmds.

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    Once you leave an employer or retire, it's easy to avoid Rmds and continue making contributions by rolling over your workplace Roth to a Roth IRA.

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    Required minimum distributions(Rmds): Roth IRAs aren't subject to Rmds during the account holders lifetime, but beneficiaries who inherit a Roth IRA- except a spouse- are required to meet certain Rmds.

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    If you have a trail of old 401(k)s left with a bunch of former employers, things can get really complicated when you retire- especially when you have to take Required Minimum Distributions(Rmds).

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    The upside is considerable: you get tax-free compounding, tax-free withdrawals if you are older than age 59½ and have owned your account for at least five years, and the potential to make contributions to your IRA after age 70½ without having to take Rmds.

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