Major tax changes impacting retirees

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ST. LOUIS - Marvin Mitchell, president of Compass Retirement Solutions explains how retirees can navigate through year-end tax law changes and move toward their financial goals.

  1.  Required Minimum Distribution (RMD) age changing:  the law raises to 72 from 70 ½ years old the age at which individuals must begin taking RMDs.
  2. stretch IRA going away
  3. Estate planning trust may need to be reworked

These changes impact the average retiree for how to plan to avoid long term tax disasters.   Marvin is offering his book Retire Early: 9 Critical Decisions to save for your retirement for FREE.

Grab the book here: FOX2Now.com/Retirement.

 

 

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