This is a reminder that the Required Minimum Distribution (RMD) deadline is December 30th, 2019. Your adviser should have contacted you already about this. If you have any questions or concerns, please contact us.
Required Minimum Distributions (RMDs) represent the minimum amount of money that must be withdrawn from a qualified retirement account once the owner reaches retirement age. Participants must begin taking RMDs by April 1st of the year they turn 70 1/2. RMDs do not apply to Roth IRAs as the money was deposited after tax. The amount of the RMD is determined by the account owners age and the value of the account. Our advisers can help you calculate your RMD and how to account for it in your overall financial plan.
Link to Investopedia website containing information about RMDs