Tag: RMD
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The Comfortable Austin Life Robert, a 68-year-old former aerospace engineer, and Susan, a 65-year-old retired high school principal, had created what appeared to be a perfect retirement in Austin, Texas. They met at the University of Texas forty years ago and built a life centered around family, community, and sensible saving. Their two daughters were…
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If you’re approaching age 73 (or 75, depending on your birth year), the IRS requires you to start taking Required Minimum Distributions (RMDs) from your retirement accounts. But what if you have multiple IRAs? Can you take the RMD from just one? Should you consolidate? What are the risks and benefits? Let’s break it all…