Q: My retired neighbor tells me that he has to make payments to the state of Minnesota four times a year. How can that be? A: He is making estimated tax payments because the balance he owed Minnesota in 2018 was more that $500. Minnesota requires that you pay quarterly estimated tax payments–if you don’t […]
I’m Still Working. What’s My RMD? | Southern Minnesota
November 2, 2016 by
I get this question frequently. Many of us are looking at working beyond the age of 70 1/2. What required distributions (RMDs) do you have to take if you continue working? If you are participating in the retirement plan where you work, and–if the plan allows–you do not have to take any RMD from that […]
