You work hard for your retirement, saving and planning for years to prepare for that next stage in your life. When you reach age 72, or later depending on when you retire, you have required minimum distributions (RMDs) you must withdraw from your retirement plan or individual retirement arrangement (IRA). RMD rules have shifted over the last two years and are set to potentially be updated again towards the end of 2022 or early 2023.
In our latest Private Client Services podcast series, our team shares insights regarding how to navigate the current RMD landscape. Join Mike Kirkman, leader of Cherry Bekaert’s Estate, Trust & Gift Tax services and member of the Firm’s Private Client Services practice, and Deborah Walker, Tax Services Director and Compensation & Benefits leader, as they discuss how to prepare RMDs for year-end and how to be proactive for 2023 and beyond.
This podcast will cover:
- RMD relief for 2021 and 2022
- Potential year-end tax legislation predictions
- Future impacts to RMDs in 2023 and beyond
Related Insights:
- Differences Between and Benefits of Charitable Remainder Trusts and Charitable Lead Trusts
- 2022 Inherited IRA and Retirement Plan Required Minimum Distributions
- Not All 2020 Retirement Plan Distributions are Taxable Due to COVID-19
View All Private Client Services Podcasts
