The IRS has come up with a new actuarial table that may let your 401k last until you turn 90. RMDs are dropping quite a bit next year. I took advantage of the RMD holiday in 2020, and really wish I could reserve more for end of life expenses, which promise to mount steadily.
How and When to Take Your RMD
There is no one best time to take the required minimum distribution.www.morningstar.com
This is something I need to get up to speed on before I turn 73.
Isnt taking a “friend” out to a movie, dinner, etc a “date”?
Yes. A 'date' can be either a social or romantic appointment or engagement.
What if they are friends with benefits?
73? Did they change it? I turn 72 this year, and got a letter from the firm that handles my IRA telling me I need to start taking them this year. Well, technically I can put it off until next year since it'll be my first, but I'll still have to take one for 2023 too.How and When to Take Your RMD
There is no one best time to take the required minimum distribution.
This is something I need to get up to speed on before I turn 73.
No it's 72 but if you turn 72 this year you have until April 1st of next year (the year you would turn 73) but like you said you also have to take 2023's RMD by December 31st. Bigger chunk for them to tax?
Not sure about it but the House of Representatives in their make Social Security great again bill had made some changes I literally do not know if it's post senate or presenate.
From what I've heard, that rarely ends well. Someone develops feelings and then gets hurt.What if they are friends with benefits?
Different things for different people I guess. That probably works when you're younger, but at my age things are different. Some of the women I meet have already buried a husband...