Frazier Allen: A Retirement Savings Exit Strategy
December 16, 2016
Clarksville, TN – Every day, an estimated 10,000 people reach the IRS trigger age when they must begin withdrawing money from their retirement plans. If you’re among them, it’s wise to develop a strategy.
Once you hit 70½, IRS rules call for required minimum distributions (RMDs) every year on all of your traditional, simplified employee pension (SEP) and SIMPLE IRAs, as well as employer-sponsored plans. Roth IRAs are exempt.
Create a plan to withdraw your minimum distributions on your terms, while complying with Uncle Sam’s.
