How To Calculate Your RMD part II

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=W5bLOKKBZVU

In this video # 357, Tom walks through a specific example of calculating a first year Required Minimum Distribution, or RMD. You'll need the values (as of 12/31 the year before) and also need the life expectancy tables provided by the IRS (link below). Pay special attention to where assets are located (which types of accounts) - as some can be combined, some accounts cannot be combined to reach your total. • RMD video, Part one: • How to Calculate Your Required Minimu... • Prepare for a little math exercise! • IRS tables: https://www.irs.gov/retirement-plans/... • #retirement #investing #certifiedfinancialplanner #RMD #requiredminimumdistribution • 0:34 - RMD example • 0:59 - How to calculate • 1:14 - Life expectancy tables needed • 2:07 - Where to take the RMD from? • 2:52 - Withholding taxes • 3:12 - Defer the first year RMD • Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments. • Tom Mullooly is an investment industry veteran of over 30 years. Prior to launching the Mullooly Asset Show, Tom (along with his sons) recorded close to 200 podcasts and nearly 200 videos, which can be found on the site https://www.mullooly.net. • The Mullooly Asset Show answers questions and cover topics that YOU bring up. Our topics and questions range from those brought up, or sent in, by our viewers. • Get in touch with us here: • Office: • 1971 State Route 34 • Wall Township, New Jersey 07719 • Website: https://mullooly.net • Facebook: www.facebook.com/MulloolyAsset • Twitter: / mulloolyasset • LinkedIn: / mullooly • Email: [email protected] • None of the content on our videos, podcasts, website or social media should ever be considered to be investment advice, financial planning advice or a recommendation to buy or sell investments. Nor should our content be considered research. Please our website for complete details. • This video is not a recommendation to buy or sell any of the investments mentioned. None of the securities mentioned in this video represent past specific recommendations of Mullooly Asset Management. • We rely on fundamental and technical analysis. Neither fundamental or technical analysis can predict the future, both methods have flaws. Past performance is no guarantee of future outcomes. Any Point Figure charts used are provided by our good friends at Dorsey Wright Associates.

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