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Required Minimum Distributions

If you save in a tax-deferred retirement account, such as a traditional IRA or 401(k), you will eventually be subject to annual required minimum distributions, which generally are taxed at your ordinary income rate. The amount of the RMD will be based on the account balance and your age.

 

Retirement Today and Tomorrow Why the Rule Needs a Revamp For Greater Savings

Retirement Today and Tomorrow: Why the 4% Rule Needs a Revamp

This rule suggests that retirees can withdraw 4% of their retirement savings every year for the duration of their retirement. However, as economic landscapes and life expectancies evolve, the original 4% rule is increasingly being considered outdated and in need of a revamp.

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