Quote:
Originally Posted by retiredguy123
Accountant? maybe. Financial advisor? no.
A better choice would be your IRA custodian. It is their responsibility to report IRA activity to the IRS.
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Do not rely upon your custodian/trustee/advisor. They should refer you to a tax practitioner. Most don't know the tax law or if you have IRA's in other accounts. Most advisors will advise you what your RMD should be but will not remind or advise you to take it out of their IRA or others. If they get a percentage of your portfolio they might advise you to take your RMD out to IRA's to preserve their advisory fee.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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