3d • SDIRA Expert QA
Required Minimum Distributions
I came across a question in one of the facebook SDIRA groups about required minimum distributions (RMDs) and non-liquid assets.
For those of you who don't know, when you get to a certain age (73), you're required to take distributions from your retirement account.
The question was about how to take RMDs if all you hold are non-liquid assets like real estate. This was the answer:
You can have an asset valued and then distribute a portion of the asset at a time to the owner.
The asset doesn't have to be liquidated. They would need to consult with legal to structure the ownership changes
considering the asset is going from being owned directly by the IRA and now a portion being owned by the individual owner and IRA until fully distributed.
Or they can distribute from other retirement accounts that they have in cash or that are easier to liquidate to meet the year's RMD
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Required Minimum Distributions
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