WAUSAU, Wis. (WSAW) – As the end of the year approaches, it’s time to start thinking about your retirement plan. Some retirement plans require some effort. For example, minimum distribution required or RMD.
Kylie Berendsen, a private wealth advisor with Buska Wealth Management, joins NewsChannel 7 at 4 p.m. to discuss what that means. This refers to the minimum amount that IRA and retirement plan account owners generally must withdraw each year.
Please see the attached links for answers to the following questions:
What is RMD?
When should I take it?
What types of accounts are eligible for RMDs?
How do I know how much I can take?
What if I have multiple IRA or retirement plan accounts?
What happens if I don’t take my RMD?
If I inherited an IRA, are there any special rules regarding RMDs?
Note: Advisory services are provided through Buska Wealth Management, LLC, an SEC investment advisor. Insurance products and services are offered through our affiliated company, Buska Retirement Solutions, Inc. Tax services are provided through our affiliated company, Legacy Tax Solutions, LLC. Buska Wealth Management, LLC does not provide tax planning or legal services, but may provide references to tax services and legal providers. Buska Wealth Management, LLC may also work with attorneys or independent tax or legal advisors. Please consult a qualified professional regarding these issues. Always consult a qualified professional before making any tax or legal decisions. Buska Retirement Solutions, Inc. and Buska Wealth Management, LLC are not affiliated with or endorsed by the Social Security Administration, the federal Medicare program, or any other government agency.
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