These classes teach you to assess your financial situation and develop a personalized plan to help achieve and maintain your retirement goals.
RMDs, Taxes and the Effect on Social Security Class
What makes age 70 ½ so significant? Starting with the year of turning age 70 ½ you must begin taking withdrawals from your tax-deferred retirement accounts, including traditional IRAs and your 401(k). These are known as Required Minimum Distributions, or RMDs. If you are at or near retirement age, you will soon have to pay taxes on your IRAs and other tax-deferred savings accounts. Taxes on RMDs can be a major burden … unless you know how to protect yourself. Learn the simple strategies and new tax code and how it may affect you. Please join your host, Dennis Prout, Certified Financial Planner and Master Elite Advisor with Ed Slott and Associates for this informative financial planning class. A guest may attend with you at no additional charge.
Thursday, February 21 : 6-9 p.m.
Instructor: Dennis Prout
Or call NMC: 231-995-1700