{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Retirement and Your Money - Dollars and Sense Radio","title":"What are RMD's and How do They Work?","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d42701a5\"></iframe>","width":"100%","height":180,"duration":948,"description":"Here are a few details on how an RMD works.  Want to know more?  Talk to Doug\nStarting Age: You must generally begin taking RMDs at age 73 (which will increase to age 75 in 2033).\nDeadlines: Your first RMD must be taken by April 1 of the year after you turn 73. All later RMDs are due by December 31 of each year.\nCalculation: The amount is calculated by dividing your account's balance as of December 31 of the previous year by an IRS life expectancy factor.\nAccounts Affected: Traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k)s, and other pre-tax employer plans.\nExemptions: Original owners do not have to take RMDs from Roth IRAs while they are alive.\nPenalties: Missing an RMD deadline can result in an IRS tax penalty of up to 25% of the amount you failed to withdraw.","thumbnail_url":"https://img.transistorcdn.com/Xbx1hcbrvgZ84oeUUFB-vvQP06I9wUVWORbsGu3aahE/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzM1NDM2LzE2NzM2/MzU4MjgtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}