Financial Focus Watch for changes in RMDS Possibly longer "lifespan" for retire ified charitable organization, and some, ment accounts Because your RMDS will or perhaps all, of this money may come If you're a certain age, you'll need to withdraw money from some of your re- tirement accounts each year. But in 2022, be lower, the accounts from which they're from your RMDS. By making this move, the amount you must take out may be changing more than in other years- and and 401(k)- may be able to last longer that could affect your retirement in issued including your traditional IRA you can exclude the RMDS from your taxable income. Before taking this action, without becoming depleted. The longer though, you'll want to consult with your these ac counts can stay intact and remain tax advisor. an asset, the better for you. More flexibility in planning for re tirement income - The word "required" in the phrase "required minimum distri butions" means exactly what it sounds like you must take at least that amount. your Roth 401(k) is generally subject to come strategy. Here's some background: Once you turn 72, you generally must start taking withdrawals, called required minimum distributions, or RMDS, from some of your retirement accounts, such as your tradi Here are a couple of final points to keep in mind. First, not all your retire- ment ac counts are subject to RMDS- - you can generally keep your Roth IRA intact for as long as you want. However, tional IRA and your 401(k) or similar If you withdraw less than your RMD, the RMDS. If you're still working past 72, employer-sponsored plan. Each year, your amount not withdrawn will be taxed at RMDS are determined by your age and account balances. This year, the life expec tancy tables used by the IRS are be- ing updated to reflect longer lifespans. This may result in lower annual RMDS than you'd have to take if this adjustment keep in mind that you're always free to hadn't been made. If you've started taking RMDS, what does this change mean to you? It can be a the money from RMDS, even the low- positive development, for a few reasons: Potentially lower taxes - Your RMDS are generally taxable at your per- sonal income tax rate, so the lower your RMDS, the lower your tax bill might be. 50%. So, in one sense, your RMDS take away some of your freedom in managing your retirement income. But now, with the lower RMDS in place, you may regain some of this flexibility. (And though, you may be able to avoid tak- ing RMDS from your current employer's 401(k) or similar plan, though you'll still have to take them from your traditional IRA. Changes to the RMD rules don't hap pen too often. By being aware of how these new, lower RMDS can benefit you, withdraw more than the RMDS.) Of course, if you don't really need all and becoming familiar with all aspects of RMDS, you may be able to strengthen your overall retirement income situation This article was written by Edward Jones er amount may be an issue for you - as mentioned above, RMDS are generally taxable. However, if you're 70½ or older, for use by your local Edward Jones Financial you can transfer up to $100,000 per year Advisor. from a traditional IRA directly to a qual- Edward Jones, Member SIPC Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS Edward Jones Pam Covington CFP AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor Financial Advisor 7127 Homestead Rd. Suite C Fort Wayne, N 46814 karen ruperttedwardores.com 263-4760 Making Sense of Investing Financial Advisor 14413 lieoin Rd Ste E Fort Wayne, IN 46814 Financial Advisor Financial Advisor Financial Advisor 7030 Pointe nvemess Way Suito 125 Fort Winyne, IN 404 432-3613 Making Sense of Investing Financial Advisor Financial Advisor 01 Chestnut Hils Parkway fort Wayne, iIN 40814 6525 Constitution Dr Fort Wayne, IN 404 7329 West Jetterson Bivd Fort Wayne, ItN 4604 7525 West Jetferson Bivd. 414 S. Scott Rd Fort Winyne, IN 46a04 Fort Wayne, N 40814 625-5700 Making Sense of Investing 432-0304 Making Sense of Investing 478-8038 Making Sense of lnvesting 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-3524 Making Sense of investing Financial Focus Watch for changes in RMDS Possibly longer "lifespan" for retire ified charitable organization, and some, ment accounts Because your RMDS will or perhaps all, of this money may come If you're a certain age, you'll need to withdraw money from some of your re- tirement accounts each year. But in 2022, be lower, the accounts from which they're from your RMDS. By making this move, the amount you must take out may be changing more than in other years- and and 401(k)- may be able to last longer that could affect your retirement in issued including your traditional IRA you can exclude the RMDS from your taxable income. Before taking this action, without becoming depleted. The longer though, you'll want to consult with your these ac counts can stay intact and remain tax advisor. an asset, the better for you. More flexibility in planning for re tirement income - The word "required" in the phrase "required minimum distri butions" means exactly what it sounds like you must take at least that amount. your Roth 401(k) is generally subject to come strategy. Here's some background: Once you turn 72, you generally must start taking withdrawals, called required minimum distributions, or RMDS, from some of your retirement accounts, such as your tradi Here are a couple of final points to keep in mind. First, not all your retire- ment ac counts are subject to RMDS- - you can generally keep your Roth IRA intact for as long as you want. However, tional IRA and your 401(k) or similar If you withdraw less than your RMD, the RMDS. If you're still working past 72, employer-sponsored plan. Each year, your amount not withdrawn will be taxed at RMDS are determined by your age and account balances. This year, the life expec tancy tables used by the IRS are be- ing updated to reflect longer lifespans. This may result in lower annual RMDS than you'd have to take if this adjustment keep in mind that you're always free to hadn't been made. If you've started taking RMDS, what does this change mean to you? It can be a the money from RMDS, even the low- positive development, for a few reasons: Potentially lower taxes - Your RMDS are generally taxable at your per- sonal income tax rate, so the lower your RMDS, the lower your tax bill might be. 50%. So, in one sense, your RMDS take away some of your freedom in managing your retirement income. But now, with the lower RMDS in place, you may regain some of this flexibility. (And though, you may be able to avoid tak- ing RMDS from your current employer's 401(k) or similar plan, though you'll still have to take them from your traditional IRA. Changes to the RMD rules don't hap pen too often. By being aware of how these new, lower RMDS can benefit you, withdraw more than the RMDS.) Of course, if you don't really need all and becoming familiar with all aspects of RMDS, you may be able to strengthen your overall retirement income situation This article was written by Edward Jones er amount may be an issue for you - as mentioned above, RMDS are generally taxable. However, if you're 70½ or older, for use by your local Edward Jones Financial you can transfer up to $100,000 per year Advisor. from a traditional IRA directly to a qual- Edward Jones, Member SIPC Edward Jones Sean P. Asiala AAMS Edward Jones Michael C. Caley AAMS Edward Jones Pam Covington CFP AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert AAMS Edward Jones Karen Rupert AAMS Financial Advisor Financial Advisor 7127 Homestead Rd. Suite C Fort Wayne, N 46814 karen ruperttedwardores.com 263-4760 Making Sense of Investing Financial Advisor 14413 lieoin Rd Ste E Fort Wayne, IN 46814 Financial Advisor Financial Advisor Financial Advisor 7030 Pointe nvemess Way Suito 125 Fort Winyne, IN 404 432-3613 Making Sense of Investing Financial Advisor Financial Advisor 01 Chestnut Hils Parkway fort Wayne, iIN 40814 6525 Constitution Dr Fort Wayne, IN 404 7329 West Jetterson Bivd Fort Wayne, ItN 4604 7525 West Jetferson Bivd. 414 S. Scott Rd Fort Winyne, IN 46a04 Fort Wayne, N 40814 625-5700 Making Sense of Investing 432-0304 Making Sense of Investing 478-8038 Making Sense of lnvesting 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing 625-3524 Making Sense of investing