Required Minimum Distributions (RMD) are the mandated distributions of funds from Qualified plans such as IRA’s, 401k’s and the like.
Here, here and here we discuss RMD’s and differing techniques to appease Uncle Sam/IRS in great detail…
Since RMD’s amounts are based on age and prior year ending account balance the mandatory amount changes year by year.
One option we like is spreading your RMD out over the year, creating your own “Person Pension” plan – of course as long as you take at least what Uncle Sam says, you are good…
Bottom Line – this is RMD adjustment season.
Monday is a holiday in honor of Martin Luther King, and as such markets, banks and our office will be closed.
Ahhhh….. today is a Friday as we brace for the coldest front of the year – and of course an out-door tennis tournament is calling (the girls get warm in about 5 minutes – parents freeze! All good)
Have a Good Weekend!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth