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Can I roll over my
MRD? By The-Adviser.com - |
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SERVICES WHY US
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New York
- No. An MRD is not
eligible to be rolled over. You can no longer defer paying taxes via an IRA once you've taken
your MRD. If you do not take an MRD from your retirement account each year, the Internal Revenue Code imposes a 50 percent penalty tax on the amount that should have been withdrawn in the calendar year. This tax is in addition to regular income taxes. About Us Click here to learn about our 401(k) IRA Rollover Accounts |
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