RMD

By Terry Savage on October 15, 2024 | Financial Planning / Retirement

Hi Terry,
I listen to you on WGN radio. I hope your Florida home was spared serious damage from Milton.
I’ll be 75 in December, my wife turned 72 this past June.
We’ve been taking distributions from both of our accounts. Do we need to each take minimum RMD from each of our accounts? That would double our income and probably bump us to another tax bracket.
Will be speaking to our CPA this week for his evaluation also.
Thank you,

money

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