RMD

What are Required Mandatory Distributions (RMDs)?

Leave a Comment / Accounts, Estate Planning, RMD, Traditional IRA / Attorney Lori Vella

Defined contribution retirement accounts provide an enormous incentive for accumulation of funds tax-deferred. This tax referral must stop at some point, however as the government wants to start collecting its tax revenue. That is where the RMD comes in.

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Making Appropriate Beneficiary Designations

1 Comment / Accounts, Estate Plan Organizer, Estate Planning, Joint Assets, Probate, RMD, Traditional IRA, Trusts and Estates / Attorney Lori Vella

You may create the best Estate Plan for your family, but if you do not have property beneficiary designations for your accounts, all of your good attentions will be thwarted.

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