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Your RMD (Required Minimum Distributions) Questions Answered

| December 13, 2022
The year-end is approaching and you may have questions about RMDs (Required Minimum Distributions).
Once you reach age 72 (age 70½ if you attained age 70½ before 2020), the IRS requires you to start withdrawing from—and paying taxes on—most types of tax-advantaged retirement accounts. You may also be required to take RMDs from retirement accounts that you inherit. In most cases, RMDs are treated as ordinary income for tax purposes. 
Below, are two resources that provide more information on RMDs.
If you have specific questions or need help, please reach out - we are happy to help.
RMD Calculator
Use our interactive calculator to estimate your retirement plan withdrawals.
Required Minimum Distributions 101
If you are approaching your seventies, get ready for required minimum distributions. You may soon have to take RMDs, as they are called, from one or more of your retirement accounts.