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Rules for RMDs changed in 2020! Learn more:

On the Your Money, Your Wealth® podcast episode #201, Joe Anderson, CFP® and Big Al Clopine answer a question from Linda: “Hi Joe and Big Al, I love your show! I was listening to the discussion about Roths, and I was fortunate enough to inherit a Roth from my sister who passed away 2 years ago, sadly. I have received conflicting information from 3 different CPA’s regarding the RMD’s and taxes. My sister left this money in the form of a Roth so I wouldn’t have to pay taxes on the withdrawals, but I have been told that because it is not a spouse inherited Roth, I must take RMD’s because I am 77 years old, and pay taxes on the withdrawal. Do you concur? I would appreciate your information so much! Please keep up the good work while you also make it entertaining! ”

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