Calculating Your RMD-Required Minimum Distribution

  |   ,
share this post

Are you approaching age 72 and preparing to take your first required minimum distribution (RMD) from your retirement account? An RMD is the minimum amount that you have to take out of your retirement account each year. If you fail to take it at the right time or take the wrong amount, you could face hefty penalties!

It’s important to pay close attention as the laws surrounding RMDs changed under the SECURE Act in 2020 and are changing again in 2022 with updates to the uniform life expectancy table.To ensure you take your RMD correctly, download “Calculating Your RMD in 5 Easy Steps.

”Have more questions about your retirement account distributions? Contact RFG Wealth Advisory at 940-464-4104.


Calculating your RMD in 5 Easy Steps

“These materials have been independently produced by RFG Wealth Advisory. RFG Wealth Advisory is independent of, and has no affiliation with, Charles Schwab & Co., Inc. or any of its affiliates (“Schwab”). Schwab is a registered broker-dealer and member SIPC. Schwab has not created, supplied, licensed, endorsed, or otherwise sanctioned these materials nor has Schwab independently verified any of the information in them. RFG Wealth Advisory provides you with investment advice, while Schwab maintains custody of your assets in a brokerage account and will effect transactions for your account on our instruction.”

Securities offered through LPL Financial, Member FINRA/SIPC.  Investment advice offered through RFG Wealth Advisory, a registered Investment advisor and separate entity from LPL Financial.

The LPL Finanical registered representatives associated with this website may discuss and/or transact business only with residents in the states in which they are properly registered or licensed.  No offers may be made or accepted from any resident of any other state.

Copyright © 2022 RFG Wealth Advisory. All Rights Reserved.