Getting older and how it impacts your IRA RMDs.
Updated: Mar 6, 2024
Want to see how becoming a "more-senior" senior impacts your IRA accounts?
The government has made changes to several aspects of IRA accounts for those over age 72 and those who pass-away owning an IRA.
The short and sweet video below will show you what IRA Required Minimum Distributions (RMDs) are and how much money you will be mandated to withdraw each year.
One important point is made- You want to start NOW to find ways to safely maximize the growth of your IRA to realize more income annually and a larger IRA balance later into life. We've got some ideas we can share with you about earning more interest right now.
The video also covers another important IRA matter- what happens when you die. These rules have been changed dramatically. Especially for "non-spouse" beneficiaries.
We have helped clients make good decisions with RMDs and later on their beneficiaries for 41-years. Call us with any questions at 419-495-8700 or email us at Info@ SeriousMoneyOhio.com.
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