What You Need to Know About RMDs

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Required Minimum Distributions (RMDs) are an important part of retirement—not just from an income standpoint, but from a tax planning perspective as well. The SECURE Act of 2019 made some significant changes to the rules around retirement accounts and RMDs, but due to COVID-19, this year will be the first year many of these changes take effect.

This Kiplinger article explains the latest changes to the RMD landscape and outlines twelve key things you need to know about required minimum distributions.

 

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.

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