I appreciate everyone's feedback.
I feel better about this now.
I calculated the RMD on both the Vanguard Website and the IRS Website and both came out the same.
The 401K that I inherited was all pre-tax none was Roth.
I'm glad I don't have to empty the account within the next 10 years, I'll have 21 years to take out the money before I will need to take RMD starting at 73 on my own 401K account. This will give me time to consider tax implications as I get closer to havine to take RMD from my own account.
Still working if I had to empty the account even if I took relatively equal amounts for the next 10 years I was going to take quite a tax hit so I'm thankful I don't have to do that.
I feel better about this now.
I calculated the RMD on both the Vanguard Website and the IRS Website and both came out the same.
The 401K that I inherited was all pre-tax none was Roth.
I'm glad I don't have to empty the account within the next 10 years, I'll have 21 years to take out the money before I will need to take RMD starting at 73 on my own 401K account. This will give me time to consider tax implications as I get closer to havine to take RMD from my own account.
Still working if I had to empty the account even if I took relatively equal amounts for the next 10 years I was going to take quite a tax hit so I'm thankful I don't have to do that.
Statistics: Posted by YellowLab — Wed May 29, 2024 7:14 pm — Replies 6 — Views 729