RMD Series | What Are Required Minimum Distributions | Planning Insights

Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and employer-sponsored retirement plans after you reach age 70½ (or, in some cases, after you retire). You can always withdraw more than the minimum amount from your IRA or plan in any year, but if you withdraw less than the required minimum, you will be subject to a federal penalty.

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Finally I Can Start Receiving Social Security Benefits | Planning Insights

Although reaching retirement age certainly allows you to receive Social Security benefits, but should you? How do you know when the right time will be for you? As with anything, for each person that answer is different. Your financial planner can help you make that decision. Contact Roselyn, she will be happy to review your goals to help you make an informed choice.

When To Start Receiving Retirement Benefits

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You Could Retire...But Should You? | Planning Insights

It might be better to wait a bit longer.

Some people retire at their first opportunity, only to wish they had waited longer. Thanks to Wall Street’s long bull run,
many pre‐retirees have seen their savings fully recover from the shock of the 2007‐09 bear market to the point where
they appear to have reached the “magic number.” You may be one of them – but just because you can retire does not
necessarily mean that you should.

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