ForbesRetirement PlanningSecure ActTax & Estate Planning

You Can Now Take Required Minimum Distributions At 72. But Should You?

By February 18, 2020May 4th, 2020No Comments

This article was written by Darrow advisor Kristin McKenna, CFP® and originally published by Forbes.

The Secure Act increased the required minimum distribution (RMD) age from 70 1/2 to 72, marking the first change to the RMD age since first becoming law in 1986. The age increase will only apply to anyone born on or after July 1, 1949. Now that some taxpayers will be able to defer distributions from retirement accounts until age 72, should they? It turns out, tax-deferred growth isn’t always a no-brainer.

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