Required Minimum Distributions (RMDs) – MemberMinds Video
As baby boomers retire, those with retirement investment accounts must take required minimum distributions from their retirement accounts once they reach age 70½ or retire, whichever comes later. This sometimes confusing topic should be well understood by retirees and their future caretakers.
Ron Culverson, First Vice President of Business Development for PlanMember and Tom Nugent discuss Required Minimum Distributions and who has to take them, when they must be taken and more.