If you are diagnosed with hypersomnia, your doctor can prescribe various drugs to treat it, including stimulants, antidepressants, as well as several newer medications (for example, Provigil and Xyrem).
You may have your 2015 RMD made payable directly to the charity (provided it meets the IRS definition of a qualified charity), and then designate it as a qualified charitable distribution on your tax return. You'll have satisfied your distribution requirement, and you won't have to pay income taxes on that money.
However, if youâve made after-tax contributions to these accounts, part of the distribution may be nontaxable. RMDs are required for Roth 401(k)s, but the distributions are not taxable. Roth IRAs do not have RMDs during your lifetime. Here are four key questions that can help you come up with an RMD strategy.