The New Tax Playbook for Draining Your 401(k) in Retirement

The New Tax Playbook for Draining Your 401(k) in Retirement

The American College of Financial Services
The Wall Street Journal
April 4, 2022

The rules of the road regarding required minimum distributions (RMDs) from retirement accounts could be changing once again. As Congress debates lowering the age at which RMDs must start from 75 to 72, advisors and financial professionals are looking to plan ahead for the new tax burdens that may be imposed on their clients.

Ed Slott, CPA, and Wade Pfau, PhD, RICP®, two of The College’s prominent Retirement Income Certified Professional® (RICP®) Program thought leaders, say Roth conversions, among other methods, could be a good way to deal with potential tax increases. Read more in this article from The Wall Street Journal.

Invest in your career with a professional designation.

Baby Boomers are retiring at an unprecedented rate, meaning that more and more Americans are facing the challenge of using their investments to maintain their quality of life. For them, the usual investment advice no longer applies. They need the unique strategies you can learn through the three-course Retirement Income Certified Professional® (RICP®) designation program. Help your clients thrive while growing your career.

Learn More