Are you nearing age 70 and own a traditional IRA, 401(k) or other qualified retirement plan?
You will need to start withdrawing money from your plan, as required by law. This requirement is known as the required minimum distribution (RMD).
This session will provide answers to the following questions:
- When do I have to take RMD and are there any exceptions?
- How much will I have to take out?
- How much tax liability will it create?
- How does it impact my Social Security?
Speaker: Don Walters, Certified Financial Planner, Voya Financial Advisors