Glazier Senior Center Calendar

Monthly Events Calendar

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RMD Financial Class
Start Date/Time:
Tuesday, November 5, 2019 2:15 PM
End Date/Time:
Tuesday, November 5, 2019 3:15 PM
Recurring Event:
One time event
Importance:
Normal Priority
Description:

Required Minimum Distribution: What Are My Options? When it comes to required minimum distributions (RMDs), you have options other than just spending the money. If you don’t need your RMDs for living expenses, you can reinvest them or leave the amount to future generations. Learn about your choices and options. Do you keep it, gift it, put in it a mutual fund, or an annuity or create a legacy? Did you know you can covert tax-deferred IRA assets to a Roth IRA as it eliminates RMDs for future years, allowing for potential additional tax-free growth? You can gift your RMD to a loved one’s account (529, Roth IRA, etc.). You can transfer RMD assets in-kind to a nonretirement account which allows for continued grown potential. Benefits, limitations, tax advantages, and tax consequences will be discussed for many different options.

 

Owned by Lisa Rice On Monday, September 23, 2019