What you’ll learn from this guide:
At the age of 70 1/2, the IRS may require you to start taking your Required Minimum Distribution (RMD), or the minimum amount you must withdraw from your IRA each year. Calculating your RMD can be complicated with a lot of room for error.
The purpose of this four-page whitepaper is to help you create a plan for taking your RMD. If you have further questions, one of our retirement planners would be happy to visit with you for a no cost, no obligation retirement plan consultation.
In this guide, you’ll get answers to the following questions:
- When should I begin taking my RMD?
- How should I calculate my RMD amount?
- Which accounts can I combine or aggregate?