Recently there has been some changes that will be seen as “Good-News” for retirees! In the past, retirees had to begin taking Required Minimum Distribution (RMD) from their retirement accounts at age 70 1/2. If you have not reached 70 1/2 by the end of 2019, the new required beginning date for required Minimum Distribution is age 72. Even though this make seem like a small change, it can have some large effects to retirees!
If you’d like to learn more about how this new tax update can help you if you’re considering retirement- please contact Buseck, Barger, Bleil & Co., Inc. by calling (814) 454-6341. Our team of financial experts will be happy to give you personalized, professional consulting to help you make financial decisions that will affect your retirement.