RMDs can quietly drain your retirement wealth if you don’t plan ahead for it 📊

 

Starting at age 73, the IRS requires you to withdraw required minimum distributions from your traditional retirement accounts. If you skip them, you could face a 25% penalty.

And if you don’t plan properly, RMDs can:

📈 Raise your tax bracket

💵 Increase your Medicare premiums

📉 Reduce your financial legacy

 

If you have questions or would like a financial advisor guide you through RMDs and retirement planning, reach out to me at [email protected] 📧