How does the SECURE 2.0 Act affect required minimum distributions (RMDs) for taxpayers with annuities? A. Retirement
Fantastic news! We've Found the answer you've been seeking!
Question:
How does the SECURE 2.0 Act affect required minimum distributions (RMDs) for taxpayers with annuities?
A. Retirement accounts that include annuities are split into two parts, with the RMD being calculated on each part separately.
B. When retirement accounts include both annutities and other components, SECURE 2.0 allows taxpayers to combine distributions from each portion to calculate their RMD.
C. Annuities are not considered retirement income, so they are not affected by SECURE 2.0.
D. Annuities are subject to 50% penalties for failure to take the full RMD, while other accounts have that penalty reduced.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: