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Dianne Williams Wildt, MBA
Certified Retirement Counselor®
Since 1983 in the financial services and investment industry
Retirement Pathways, Inc.
4500 Bowling Blvd., Suite 100
Louisville, KY 40207
Phone: 502-797-1258
Email: dianne@retirementpathways.com
Website: www.retirementpathways.com
September/October 2017
Rules of the road
If you’re nearing your retirement date, it’s a good idea to learn the rules about taking required minimum distributions (RMDs) from individual retirement accounts (IRAs) and 401(k) plans.
- Your first RMD generally will be due by April 1 of the year after you reach age 70½.
- Another RMD will be due by December 31 of that same year and then each subsequent year.
- If you miss taking an RMD, the penalty will be 50% of the amount you should have taken but didn’t.
- You can withdraw more than the minimum amount.
- Your withdrawals will generally be taxable at your ordinary income tax rates.
For more information about RMDs, talk to your financial professional.
FINRA Reference FR2017-0427-0092/E 08/02/17
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Investment advisory services offered through American Capital Management, Inc., a State Registered Investment Advisor. Retirement Pathways, Inc. is independent of American Capital Management, Inc.
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