Seven Required Minimum Distribution Tips

2020 is here, and that means a whole new year of retirement planning begins. This year, thanks to the spending bill passed by Congress in December, there are new guidelines for required minimum distributions, including the fact that for those who were not yet 70.5 years old in 2019, the initial age for RMDs has increased to 72 for 2020 and all future years. Whether managing your own retirement accounts or also staying on top of changes to how inherited retirement accounts are handled, this month’s guide can help get you on the right track towards staying in compliance with the new rules surrounding RMDs.