Required Minimum Distribution Revised Edition
Required Minimum Distributions (RMDs) are the minimum amounts that individuals over the age of 72 ½ must withdraw annually from their retirement accounts such as 401(k)s and IRAs.
"The SECURE Act is one of the most dynamic changes to retirement legislation since the Pension Protection Act of 2006, and addresses a wide variety of retirement planning topics." (www.forbes.com)
The purpose of RMDs is to ensure that individuals do not defer taxation of retirement funds indefinitely. The amount of the RMD is determined by the IRS each year and is based on the size of the retirement account, the age of the individual, and the life expectancy of the individual. If an individual does not take the required amount of their RMD, they will be subject to a 50% penalty on the amount not taken.
It is important to consult a certified insurance broker or financial services provider to ensure that you are taking the correct amount of your RMD each year.
Contact us today to get your FREE copy of this RMD Guide Guide, "Revised Edition". You'll be glad you did.
TJG Financial Group
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127 Smith Ave, Thomasville, GA 31792, USA
TJG Financial Group
Are you seeking a knowledgeable and experienced independent insurance agent, broker, benefits advisor, or financial planner in your area? Look no further! Our team of local experts specializes in providing personalized insurance and financial solutions. Whether you need a trusted insurance intermediary for your personal or business needs, a planner to guide your retirement journey, or a dedicated benefits consultant to tailor employee packages, we've got you covered.
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