Reported 7 days ago
This article provides an overview of required minimum distributions (RMDs), which are mandatory withdrawals from retirement accounts that begin at age 73, although this will change to age 75 in 2033. It outlines the age-related rules for taking your first RMD, the potential tax implications of postponing it, and the importance of planning these withdrawals alongside your overall retirement strategy. A financial advisor can assist in navigating these requirements to minimize tax impacts and optimize retirement income.
Source: YAHOO