New Tax Laws and recent changes to qualified retirement accounts as well as IRS mandated Required Minimum Distributions (RMDs) bring advantages and disadvantages. Some changes have the potential to be beneficial; however, you must make sure you know/have the most current and up-to-date information so you can help avoid costly mistakes.
As of 2022, the new law mandates you start taking RMDs from your qualified retirement accounts once you reach age 72. The new provisions can be complex, with unforgiving consequences. If you make one small error, you and/or your heirs could be hit with severe penalties. Greg M. Ferguson will bring clarity to how the new changes impact your retirement and how to avoid IRS problems.
Edina Senior Center, Tuesday, September 27th, 6:00 PM
5280 Grandview Square Edina, MN 55436