What makes age 70 1/2 so signiﬁcant?
Required minimum distributions (RMDs) most commonly are taken from traditional Individual Retirement Accounts (IRA), workplace retirement plan accounts—401(k)/403(b)/457—or self-employed retirement plan accounts at the age of 70 1/2 for retirees.
If you’re at or near retirement age, you’ll soon have to pay taxes on your IRAs and other tax-deferred savings accounts. Taxes on RMDs can be a major ﬁnancial burden… unless you know how to protect yourself. Learn simple strategies that could save you thousands!
Everyone’s situation is diﬀerent. It’s not too late for retirees in their 60s when withdrawals are penalty free, RMDs haven’t yet kicked in and disbursements are likely to be taxed at a lower rate because the recipient is no longer working. Join us to learn more!
Some topics we will discuss:
•How to calculate your required amount and its tax liability
•If your beneﬁciaries are set up for maximum tax eﬃciency
•Strategies retirees should consider when they DO NOT NEED their RMDs
•If your asset allocation and withdrawal strategies are appropriate for RMDs
•When you have to take your RMDs, and if there are any exceptions
•How they can impact your Social Security
•How new 2018 tax reform might impact you
February 13 – 11:00 AM
McIntosh Learning Center
122 S. Main St. Suite 2
Seating is limited. Call our office at 989-692-2200 today to reserve your spot!
This is an insurance sales presentation. By attending this event, you may be solicited by an insurance agent regarding the sale of life insurance and/or annuity products at a later date.