This reminds me of a question I have for anyone with a trust:
Has your bank asked for your trust document? One of our banks said their auditor wants a copy of our trust document. It is 30 some pages and I think that is kinda dumb.
I might reply with a question on why they need it. Does their trust dept handle trust issues for you? I dont think my Dad filed his trust documents with his bank. Thank god we found them.
Iris Lilies, they just raised the age from 72 to 73. In the latest signed bill.
Generally, a RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that the IRS publishes in Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).Sep 23, 2022
oh! Did not know that. Well now I wonder if I will ever have to take money out of my IRA because ?i might be dead before that requirement kicks in.
I did find this calculator
https://www.aarp.org/work/retirement...9&gclsrc=3p.ds
"Do not accumulate for yourselves treasures on earth, where moth and rust destroy and thieves break in and steal. But accumulate for yourselves treasure in heaven, where moth and rust do not destroy, and thieves do not break in and steal. For where your treasure is, your heart is also." Jesus
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