Clarification on Required Minimum Distribution (RMD) Rules

This update is to clarify a miscommunication about Required Minimum Distributions (RMDs) following our recent year-end planning email.

The current law under SECURE 2.0 specifies that:

• RMDs generally begin at age 73 for traditional IRAs and most employer retirement plans.
• The penalty for missed RMDs is 25% of the shortfall, reduced to 10% if corrected within two years.

Feeling confident about your retirement income strategy matters, and my goal is to make sure you always have clear, accurate information. If you’d like to review your RMDs or go over your year-end planning together, please reach out anytime.

Thank you for your understanding and continued trust as we work together toward your financial goals.