End Of The Year Financial Planning Considerations

Let me preface my comments by saying that the following information is sourced from the 2019 Tax Code. Everyone reading this should consult a tax professional for individual guidance before following the ideas discussed in this article.

Required Minimum Distributions. As we close the year, there are many items about which people should be mindful, but if you’re over 70 ½, it is critical to insure that you’ve taken the required amount from your qualified accounts by the end of the year.