Tag: Age 72

Reaching the Age of 72: Retirement Milestones At age 72, a key retirement milestone arrives: Required Minimum Distributions (RMDs). Understanding RMDs is crucial for maximizing retirement income and ensuring a secure financial future. Required Minimum Distributions (RMDs): Understanding the Basics What are RMDs? RMDs are mandatory withdrawals from retirement accounts, like 401(k)s and IRAs, that…