I love Jake input n his extensive knowledge but as far as I knew Roth401k or IRA does not need a RMD but with traditional 401K you will have a required for RMD. There is a 5 year rule for Roth IRA which makes it confusing.
Thanks for the comment, your Roth does not have a required RMD, you are correct. We covered the 5 year rule in more detail on our last episode, would love to hear your thoughts!
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Thank you for watching, let us know if you have any questions and we'll answer them in a future episode!
Amen. Thanks for this proper video. THANKYOU for your time and energy.
Glad it was helpful!
I love Jake input n his extensive knowledge but as far as I knew Roth401k or IRA does not need a RMD but with traditional 401K you will have a required for RMD. There is a 5 year rule for Roth IRA which makes it confusing.
Thanks for the comment, your Roth does not have a required RMD, you are correct. We covered the 5 year rule in more detail on our last episode, would love to hear your thoughts!