Close Close
Your article was successfully shared with the contacts you provided.

Related: Business Expense Tax Deductions: 12 Facts to Know

Required minimum distributions (RMDs) are a fact of life for retirees. But if your clients pull out more than the required amount from the IRA, for example, they could trigger unnecessary taxes. And while Congress allowed people to suspend taking RMDs for 2020 as part of COVID-19 relief, the requirements are back in place for 2021 and beyond. 

Are you advising your clients correctly when it comes to RMDs associated with retirement accounts? In the gallery above are 12 important tax and financial planning questions and answers advisors should be aware of regarding required minimum distributions, according to ALM’s Tax Facts Online.

(Graphics: Chris Nicholls/ALM)


  • Learn more with Tax Facts, the go-to resource that answers critical tax questions with the latest tax developments. Online subscribers get access to exclusive e-newsletters.
  • Discover more resources on finance and taxes on the NU Resource Center.
  • Follow Tax Factson LinkedIn and join the conversation on financial planning and targeted tax topics.
  • Get 10% off any Tax Facts product just for being a ThinkAdvisor reader! Complete the free trial form or call 859-692-2205 to learn more or get started today.