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February 15, 2020 8:30 am
When you retire, your life goes through a huge season of change, especially when it comes to your finances. The recently passed Secure Act adjusted how this season can go for you and your income. The most notable adjustment comes to RMDs, or Required Minimum Distributions, for IRAs and 401(k)s. The required start age for these has now been pushed back to 72 from 70 ½ . While this could be considered a “tax break” by some, it is really important to look at this from a larger standpoint, including how you want to pay taxes and leave money for your family. Hans talks about why it is important to look at not waiting until 72 to start taking money from your retirement accounts!
Don’t forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free!
You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com.
