Are you turning 70 this year? Beginning at age 70½, the IRS requires all seniors that own tax-deferred retirement accounts must start taking annual required minimum distributions (RMDs), and pay taxes on those withdrawals. Here is an article that outlines the various rules for taking your Required Minimum Distributions. We take care of our clients by carefully tracking their RMD distributions. For more information call Jeff or Nancy.
Read more about this article at the Mayo Clinic Blog