Are you right on the edge of taking RMDs and wondering what the recent changes due to the SECURE Act mean for you? We’ll explore the difference a few months could mean when it comes to taking RMDs under the new SECURE Act.
Show notes and additional resources: https://thefinancialanswer.com/podcasts/understanding-the-secure-act-when-did-you-turn-70-5/
Today's rundown:
1:35 - The SECURE Act passed but is still a bit confusing when it comes to RMDs.
2:21 - Let’s play: This or That?
3:19 - What’s the difference between being born at the beginning of the year and the second half of 1949 for RMDs?
7:07 - Fun fact: IRA and 401(k) rules were started in 1974, the same time Billy Joel and Bruce Springsteen started their careers.
8:43 - Make sure you check with your advisor to avoid the penalty of being wrong on your RMD age.
11:46 - Upcoming class: Retirement Planning Today will be held on February 4th and 11th.
