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IRA Decline Triggers Social Security Tax Bill Due to RMD

A person's IRA plummeted from $100,000 to $16,000, but the Required Minimum Distribution (RMD) still came due, consequently pulling Social Security benefits into the tax bill.

24 Aug, 10:03 — 24 Aug, 10:03
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YahooMostly Factual1d ago

His IRA Cratered From $100,000 to $16,000. The RMD Still Came Due and Pulled Social Security Into the Tax Bill.

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