Your questions about qualified money, RMDs and QLACs answered
June 16, 2015 by William K. Bridgers
A big problem confronting those with significant retirement savings is that the money that they have accumulated is “qualified” money (sometimes abbreviated “TQ”). That is, money that has “grown” without being reported on the annual tax report to the IRS. Upon reaching 70½ years old, the IRS requires at least minimum distributions from those retirement accounts. Click here to read…
Originally Posted at LifeHealthPro on June 11, 2015 by William K. Bridgers.
Categories: Industry Articles