Article on RMDs omitted some options for retirees

The Oct. 26 Money Power article unfortunately did not tell the whole story about required minimum distribution (RMD) requirements for IRAs.

For some folks, not necessarily everyone, there is another way to meet this dreaded IRS requirement by utilizing an “in-kind transfer.” Simply stated, one transfers from their tax-exempt brokerage account the RMD equivalent in securities and/or cash to a taxable brokerage account. Viola they’ve met their RMD obligation without selling any security.

They’ll still have to pay the tax on the transfer as the IRS wants its due.

This story was originally published November 3, 2015 at 11:31 AM with the headline "Article on RMDs omitted some options for retirees."