When you turn age 72, the government requires you to take money out of pre-tax accounts—like IRAs—each year. They call this an RMD (Required Minimum Distribution). Planning around RMDs is an essential part of the retirement planning process.
Did the Government get something right?
Surprisingly, the RMD formula on retirement accounts helps take income and ensure you don’t run out of money. Careful, though, your investing approach is critical when using this strategy.
This workshop will cover all the rules surrounding RMDs, why we have them, how RMDs are calculated, and strategies to save taxes with RMDs.
When you turn 72, the government requires you to take money out of pre-tax accounts—such as an IRA—each year. They call this a required minimum distribution (RMD). Planning around RMDs is an essential part of the retirement-planning process.
ChFC®, RFC®, CLU®, LUTCF, CASL®, RICP®
Paul is the President and founder of Paul Winkler, Inc., a registered investment advisory firm located in Goodlettsville, Tennessee. Paul began his career in the financial services industry in 1989 through—like countless others—insurance and mutual fund sales.
After discovering the academic research on investing, he was compelled to start his own business. “With my new understanding of investing, I could no longer, in good conscience, work for the broker-dealer selling products. I wanted to offer clients an investing experience unlike what they would find elsewhere, where they wouldn’t feel sold to, but instead would be coached to understand investing.”
Paul’s unique approach to the world of investing and financial planning stems from his strong belief that the traditional approach to the discipline is often driven more by marketing and sales of financial products than it is by sound investment philosophies. Paul is the author of the book “Above the Maddening Crowd” which is endorsed by many financial teachers and university professors around the country.
*Advisory services offered through Paul Winkler, Inc. (‘PWI’), an investment advisor registered with the State of Tennessee. PWI does not provide tax or legal advice: please consult your tax or legal advisor regarding your particular situation. This information is provided for informational purposes only and should not be construed to be a solicitation for the purchase of sale of any securities.