On this episode of The Retirement Matters Podcast, Dale talks with you about a 72T and a rule of 55 distribution. These two distributions are both used for the same purpose but in different applications. They're both designed to allow you to get to your money earlier than 59 1/2 but without penalty. However, both of them should be considered a last alternative if it all possible. Whether or not these rules are for you should be determined the inside of a well written retirement plan! That's why we bring this information to you. Understanding a little bit about this could potentially prompt you to discuss things with your financial advisor. With that being said, if you are working with someone already and this information hasn't been brought to you proactively...you may be working with a growth advisor. This is NOT to scare you, it just may be time to transition to an income advisor that specializes in income during retirement.
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R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as an investment adviser does not imply any level of skill or training. Insurance products and services are offered and sold through RDS Insurance Group. R.D. Smothers Wealth Management and RDS Insurance Group are affiliated but separate entities. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. For more information please visit: https://adviserinfo.sec.gov and search for our firm name.
This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.
