Age 70 1/2 Confusion for Retirement Accounts

This article from the Slott Report, https://www.irahelp.com/slottreport/age-70-%C2%BD-confusion-retirement-accounts, concisely explains the rules regarding when you have to take your first Required Minimum Distribution. Besides the Slott Report, another great resource for retirement planning is Appleby Retirement Consulting Inc. http://iraeducationcenter.com. Of course, the primary source materials for this area of the law is Employee Retirement Income Security Act (ERISA) and related portions of the Tax Code and Public Health Service Act (PHSA) but working your way through this area can be difficult.

About Smilie G. Rogers

Smilie is an elder law, estate planning, probate, and tax attorney at Brennan & Rogers, PLLC, with offices in York and Kennebunk, Maine. See www.brennanrogers.com. Licensed to practice law in Maine, Massachusetts, and New Hampshire and licensed, but inactive, in Virginia. Smilie is also the founder of New England Estate Planning, see www.newenglandestateplanning.com, a fledgling website with the stated purpose of sharing legal knowledge and know-how, including automated forms, with and among estate planning lawyers.

View all posts by Smilie G. Rogers →

This entry was posted in Legal practice. Bookmark the permalink.