Tag: 70 1/2
The current Required Minimum Distribution (RMD) rules are a useful tool to ensure that the favorable tax provisions associated with retirement plans are used to generate retirement income – not to enhance the size of estates. But given the current collapse of financial markets, Congress was right to suspend the RMD for 2020 as part…
For the last few years, my colleagues and I have been focusing on the drawdown aspect of 401(k) plans. The time has come when the first cohort of workers will retire entirely reliant on the accumulations in their 401(k)s and IRAs (mostly rollovers from 401(k)s) to supplement their Social Security benefit. And this shift is…
