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December 2014Print
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How do I know what my RMD is?


How do I know what my RMD is?

Don't Forget Your RMD

If you're a Traditional IRA holder age 70 ½ or above, don't forget to take your required minimum distribution (RMD). Generally, the deadline to take an RMD is Dec. 31. You may delay your first RMD payment until April 1 of the year following the year you turn 70 ½, but you will then have to take two RMDs during that following year. If you don't take your RMD by the Dec. 31 deadline, the amount that was not withdrawn is subject to a 50% Excess Accumulation Penalty.

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The Covered Call Strategy in Today's Market

Find out how and when the covered call strategy can be applied, and take a look at some examples that show how it could be used.

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Tax-Loss Harvesting

Taxes may be less of a burden if you plan ahead. When it comes to investments, you may hear a lot about the strategic selling of losing positions to offset capital gains, a process called tax-loss harvesting, around this time of year.

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The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.