Here’s some good news for people nearing or already in retirement! In the future, you will be required to take less money from your retirement plans, but the new rules won’t take effect until 2022. That’s right. Required Minimum Distributions (or RMDs) will be heading downward starting in 2022, as the IRS recognizes that longer life […]
October is the month we officially kick off the Required Minimum Distribution (or RMD) process for most our clients. First of all, what’s the RMD? The Required Minimum Distribution is the withdrawal the IRS requires you to take from your IRAs and other retirement accounts once you’ve reached 70 1/2. (As always, a few exceptions apply, so […]
Attorney Natalie Choate is the guru of retirement benefits. She’s the one who knows all the answers to those super complicated questions about tax and estate planning, and how they affect our IRAs, 401(k)s, and other retirement plans. Natalie has seen it all, and she knows that those retirement mistakes can be really costly ones. […]
It’s the kind of subject that makes most people’s eyes glaze over. But those pesky little “required minimum distributions,” or RMDs, aren’t really that complicated, and they are truly of critical importance. Mess one up and the IRS will charge you a whopping 50% penalty. Here’s five things you really ought to know about your RMDs. 1. What are they? […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
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