Did you know your Required Minimum Distribution (RMD) from an IRA isn't a fixed amount? It's based on your previous year-end balance and the IRS life expectancy tables. For instance, at age 73, with a $500,000 balance and a 25.6-year expectancy, you'd need to withdraw about $19,531 to avoid penalties. Stay informed to manage your retirement effectively! #RetirementPlanning #RMD #IRA #FinancialLiteracy #TaxTips
Thank you for visiting, please join our email list. As a special gift, once you join our list we will send you a link for a complimentary copy of the book Mastering Your Finances.
