Do you have a tax-efficient retirement income strategy that minimizes RMDs and maximizes your after-tax wealth? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to You can throw out the old RMD tables. RMD rules are changing in 2022! With the SECURE Act, the RMD starting age was pushed back from 70 1/2 to 72. But that's the only thing that has adjusted... until now. IRS was a bit slow but they have updated the RMD tables to reflect this 1 1/2 year change in RMD age. The new tables will control your required minimum distribution for all tax-deferred accounts and pre-2020 inherited IRAs moving forward. The formula itself has not changed but rather the distribution factor you need to calculate your RMD has adjusted to reflect the SECURE Act. In this video, we talk about the good and the bad of this IRS-mandated change. Although confusing, this change
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)