February 2024 | Sharpe Group

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Archive for February, 2024

RMDs and QCDs—The Time Is Now

Posted February 5th, 2024

According to an article published recently in The Wall Street Journal, Fidelity Investments, a popular IRA administrator, predicts that their clients’ required minimum distributions (RMDs) could hit $25 billion this year. Annual RMDs are calculated by taking the IRA account balance on Dec. 31 of the previous year and dividing it by the owner’s life …Read More