I’ve received letters from the thrift savings plan (TSP) and from my IRA holder that I am subject to RMDs this year. I’ve also been advised that converting these qualified funds to annuities and beginning distributions (which would then be completely taxable) satisfies the RMD requirements, which would then no longer apply. What are your feelings about converting qualified funds to annuities? – Robert   Required minimum distributions, or RMDs. The much-maligned and largely unavoidable bane of retirees' exi ...

Core Points - The article discusses the complexities surrounding Roth IRA withdrawals, particularly for individuals over 59 ½ who have held their accounts for at least five years [4][6] - It clarifies the confusion regarding the five-year rules applicable to Roth IRAs and conversions, emphasizing that individuals can withdraw funds without penalties under certain conditions [4][6] Group 1: Roth IRA Withdrawal Rules - Individuals over 59 ½ can withdraw any amount from their Roth IRA without incurring tax liabilities or penalties, provided they have held the account for five years [4] - There are two distinct five-year rules: one for original Roth IRAs and another for converted Roth IRAs, which can lead to penalties if not adhered to [6] Group 2: Conflicting Information - The article highlights the common confusion and conflicting information regarding Roth IRA withdrawals, particularly concerning the timing and conditions for accessing converted funds [3][5] - It suggests that individuals should seek clarity on these rules to avoid potential penalties and ensure compliance with IRS regulations [5]

How best to take RMDs from your 401(k) or IRA? For most investors, it’s best to take withdrawals monthly in equal installments, research finds https://t.co/wOVel3IZof ...