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[Music] now youve been saving in your retirement account for years theres going to be a time though in the future when you have to start taking that money out the government calls that a required minimum distribution or rmd for short lets walk through some of the mechanics so that you feel knowledgeable and educated about it so this impacts those pre-tax accounts so pre-tax again are the tax deferred or traditional accounts were going to use an ira as an example so when you put the money in the government gave you incentive they allowed you to reduce your taxable income or get a deduction on your tax return now theyre waiting for their tax revenue and they say at a certain age that has to start so theres two different rules here those in the past uh were looking at age 70 and a half for those have that havent docHubed age 70 and a half yet its a new rule its age 72. and lets walk through this in the in the chart i want to lay it out so its real obvious and easy to understan
