Unintended Tax Consequences Arise When the RMD Date Shifts

The American College of Financial Services
Plan Adviser
June 1, 2021

Over the past year, financial regulations have seen many revisions and changes as the COVID-19 pandemic rocked the financial services industry and the economy at large. Those clients most impacted by the changes are likely older, at or near retirement, as they face shifting tax rates and rules about required minimum distributions (RMDs) from savings accounts.

Ed Slott, Professor of Practice at The College, addresses how advisors can help their clients navigate the new terrain in this piece from Plan Adviser.

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