Required Minimum Distributions are the minimum amounts that a retiree must withdraw from their qualified pensions. The Secure Act made major changes to the rules surrounding RMDs, updating the Life Expectancy and Distribution Period Tables. In this joint-sponsored session of the Retirement and Taxation sections, the changes in these rules will be discussed. Focus on their impact to the retirees, the amount and timing of their distributions, and the retiree's potential tax ramifications.
By attending the session, you will be able to:
- Understand what changes have been made to RMD's and how to better plan for these in the future.
TRACK: Protecting long-term economic progress