by SDP Team | Feb 8, 2021 | RMD - Required Minimum Distribution
Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs) when you reach the age of 72 (or 70.5 if you were born before July 1, 1949). The amount you must withdraw depends on the balance in your account and...
by SDP Team | Feb 8, 2021 | RMD - Required Minimum Distribution
If you’ve inherited an IRA, learn about the required minimum distributions (RMDs) you may need to take soon, as well as how RMDs work in the long run. Which rules governing RMDs apply to you depend on your relationship to the deceased original owner. The...
by SDP Team | Feb 8, 2021 | RMD - Required Minimum Distribution
You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½. However, changes were made by the Setting Every Community Up for...
by SDP Team | Feb 8, 2021 | RMD - Required Minimum Distribution
When you reach age 72,* you’re required to withdraw a certain amount of money from your retirement accounts each year. That amount is called a required minimum distribution, or RMD. RMD rules apply to tax-deferred retirement accounts: Traditional IRAs Rollover...
by SDP Team | Feb 4, 2021 | Financial Planners
In legal terms, a fiduciary is an individual or organization that has taken on the responsibility of acting on behalf of another person or entity with utmost honesty and integrity. For example, bankers, attorneys and officers of public companies are all fiduciaries,...
