The main source of retirement income for most people, besides Social Security, is the money they have in their 401(k)s and IRAs. These accounts are tax-deferred until you start taking withdrawals, which the IRS forces you to do starting at age 73 to satisfy your required minimum distributions, or RMDs. Your RMDs are unavoidable even if you have plenty of income from other sources. Failure to take your RMDs correctly may result in an IRS penalty. Even worse, using the wrong financial strategy to satisfy your RMDs could significantly increase your risk of spending down your principal and running out of income.

Through our expertise and experience, we can help you avoid these potential pitfalls and better ensure you have the right RMD strategy for your situation.