BFG in the News: Victoria answers a reader’s question about RMDs

Victoria Cannillo, an Associate Financial Planner at Baron Financial Group, is quoted on this topic, answering a reader’s question on NJMoneyHelp.com by Karin Price Mueller, originally published in January 2026:

“What accounts count for my annual RMD?”

A 30-second read by Victoria Cannillo: It is important to have your ducks in a row for RMDs (Required Minimum Distributions) as there are penalties for missing an RMD. 

• The types of accounts that count toward your RMD calculation are tax-deferred accounts, such as IRAs (Traditional, SEP, SIMPLE), tax-deferred annuities, and defined contribution plans (401k, 403(b) and 457(b) plans).

• There are also Inherited IRA accounts, but they have their own set of rules. Any non-tax-deferred accounts like you mentioned (savings, checking accounts) would not apply.
   
• If you are not in need of the money, there are some options available. For example, once you take the RMD, you can reinvest that money in a taxable account. 

• You can also use that money for gifting if you wished. 

• There is also the possibility of doing a Qualified Charitable Distribution (QCD) where you could make donation(s) directly to a charity from your account that would count towards your RMD, if done correctly. 

Consider working with a Registered Investment Adviser if you are not already. They can keep track of your distributions, as well as help you implement a strategy that works for your personal goals and needs.

Read Karin Price Mueller’s article here.

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If you have any further questions, please reach out to your Baron Team.

Disclosure:  This is a general communication being provided for informational purposes only. This material is not intended to be relied upon as a forecast, research, tax or investment advice. Please consult your financial planning and tax professional for personal advice.