Happy Birthday – Let’s Talk Required Minimum Distributions

Happy birthday to Fleming & Curt, PLC, partner Robert Fleming. Now that he’s just turned 72, it’s time for him to start thinking about required minimum distributions (RMDs). One of the occupational hazards for estate planners is that it’s hard to just have a happy birthday celebration. We have to pay attention to the side effects of reaching a certain age. In this case, the “certain age” is 73 — just one year away and requiring some planning. That’s especially true since the required beginning date (when RMDs are mandatory) is actually a whole year long (sort of). So, as we explain, if you’re also turning 72 anytime this year — you need to be prepared for the RMDs that will begin next year. Or will they?