Watch for Changes in RMDs

If you’re a certain age, you’ll need to withdraw money from some of your retirement accounts each year. But in 2022, the amount you must take out may be changing more than in other years – and that could affect your retirement income strategy. Here’s some background: Once you turn 72, you generally must start taking withdrawals, called required minimum distributions, or RMDs, from some of your retirement accounts, such as your traditional IRA and your 401(k) or similar employer-sponsored plan. Each year, your RMDs are determined by your age and account balances. This year, the life expectancy tables used…

You must be logged in to view this content. Click here to subscribe

Small Business Spotlight

Terry Duncan is the owner of Cut-n-Shoot Outdoors, located at 102 S Cearlock in Cheyenne, Oklahoma. Cut-n-Shoot is a veteran owned business dedicated to bringing

Read More »