New RMD age increases to 73 in 2023. Is it actually a win for retirees? [Radio Show]

Line 1golden-reserve-retirement-risk-dashes
  • Ellipse 9golden-reserve-small-icon

    Golden Reserve

My RMD (Required Minimum Distributions) IRA, SIMPLE IRA, SEP IRA written in a notebook.

The new law raises the Required Minimum Distribution (RMD) age in two steps. The RMD age increases to 73 beginning in 2023. In 2033, the RMD age will further increase to 75. Folks born between 1951 and 1959 will need to start their RMDs after age 73. We’re told this is a good thing. But is it? Greg explains who wins in this scenario and how there may not be a pot of gold at the end of the retirement rainbow, but rather, an oversized tax bill. Click play below.

Full Episode:

How Golden Reserve is helping you fight back against a financial system built more for them than for you.

Our politicians keep changing the rules on how and when we can access our retirement money.

Ken Fisher says inflation is dead and this year will be a huge bull market…

How a Golden Reserve Elder Law Attorney can help with the important legal papers of retirement.

Are you asking your financial planner the right questions?

Are-you-asking-yourfinancial-planner-the-rightquestions_Blog-Sidebar-CTA_

Download our guide "6 Questions to Ask Before choosing Your Retirement Planner" and find out.

Blog-CTA-Line

Share this article

Related articles

Are you Being Too Cheap in Retirement?


Retirement is a time to relax and enjoy the fruits of your labor. But how do you…


Read More >

How Financial Advisors Make Money


Ever wondered how much your financial advisor is really pocketing from your retirement nest egg? Are you…


Read More >

4 Biggest Retirement Mistakes to Avoid in 2024 


Retirement should be a time of relaxation and enjoyment, not financial stress or regret. Unfortunately, many retirees…


Read More >
regrets

Five Common Retirement Regrets: A Guide for Those Approaching or Already in Retirement


Retirement is a significant milestone, a time to reap the rewards of years of hard work and…


Read More >
Call Now Button