Retirement Account Distributions Analysis

Required minimum distributions (RMDs) can be an important part of your retirement-income plan. It’s important to understand that RMDs come with some specific rules about the timing of when distributions are taken and a formula based on your age for the amount you have to take.

Your withdrawal strategy should accomplish 2 goals: (1) Having enough money to support your desired lifestyle. (2) Ensuring there’s enough left for the future, including any money you plan to leave to heirs. There are several strategies and ways to successfully withdraw from your retirement savings. Wharton Wealth Planning can help you determine which approach might work best for your circumstances.