Required Minimum Distributions (RMDs) Explained!
24 Dec 2024 · 0 min
0:27
Craig Wear explains which retirement accounts require minimum distributions at age 73. Traditional IRAs and 401(k)s do; Roth IRAs don't, even for spouses. Converting to a Roth stops RMD requirements on those funds.
Questions this video answers
Traditional IRAs, 401(k)s and similar pre-tax retirement accounts.
No — converted funds are no longer subject to RMDs.
No — Roth IRAs do not require RMDs during the account holder's lifetime (including for a spouse beneficiary).
They allow investments to continue to grow totally tax free.
