#396 OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
00:00
Roth 401k Contributions and RMDs - What's Your Main Goal?
When someone hits 72 in a Roth 401k, you actually have to start taking some requirement and distributions. Money in a Roth IRA, when you reach 72, you don't have to take it out. There's no RMD in Roth IRAs. The exception to the exception where the exception doesn't apply is if you own more than 5% of the business. Too many people let the tax tail wag the dog.
Transcript
Play full episode
