Popular Answers. Going by the literary meaning of the mitigation it says âthe actions taken to reduce the severityâ while that of adaptation means that âresponsive adjustment to an environmental conditionâ.
Avoid two withdrawals in the same year. If you turned 70Â½ in 2014, you need to take a required minimum distribution from your retirement accounts by April 1, 2015. Your first required minimum distribution is due by April 1 of the year after you turn 70Â½, but subsequent distributions are due by Dec. 31 each year. If you delay your first required minimum distribution until April, you will need to take two distributions in the same year, which could result in an abnormally high tax bill.
Roth IRAs are not subject to the lifetime Required Minimum Distribution rules since no distributions are required during the lifetime of the owner. However, Roth IRAs are subject to Required Minimum Distributions rules after the death of the owner of the Roth IRA with a 50% penalty if such distributions are not made.enerally (which means there are some exceptions), you must make a Required Minimum Distribution for the year in which you turn age 70Â½. The Required Minimum Distribution is the result of a simple calculation: you divide the IRA balance from December 31st of the preceding year by a Life Expectancy.