Money Talks: IRAs in 2021

IRAs and Roth IRAs - what are the rules if you need to withdraw money? How do you set one up? What’s the difference between the 2 anyway? What about an inherited IRA or RMDs?What about the new rules concerning RMDs – required minimum distributions?Why do we have RMDs?Who takes them?When do you have to take them?Is there a special time of the year to take them?What can you do or what can you NOT do with the funds?Calls:RMD to a charityinherited IRAwhat to do with an old employers 401KSIMPLE IRAs: Savings Incentive Match PLan for Employeesemail difference between IRA and 401K RMDlimit to contributionshow kids learn money skills http://moneytalks.mpbonline.org/episodes/money-talks-kids-learning https://mscee.org/money and taxes Hosted on Acast. See acast.com/privacy for more information.