Please note that Portnoff Financial has joined with Tempus Wealth Planning and some information here may no longer be applicable. Please contact Jeremy Portnoff at 949-226-8342 (CA) or 732-226-3113 (NJ) for additional information.  We apologize for any confusion while we are in transition. 

West Coast Phone: 949-226-8342
East Coast Phone: 732-226-3113


IRA & Retirement Planning Topics

Want more information on IRA & Retirement Planning?

Submit the form below to receive monthly updates on various important IRA & Retirement Plan topics. 


Calculating your RMD (Required Minimum Distribution)

One of the greatest advantages of retirement savings accounts are the opportunities for tax-deferred or tax-free growth; however, the government sets a time limit on how long these benefits can last by way of establishing required minimum distributions (RMDs). An RMD is the minimum amount that must be taken out of your retirement accounts each year, typically beginning in the year that you turn 70½.

Taking your first RMD can be a daunting endeavor as you attempt to navigate the complex rules and regulations surrounding your retirement account and, unfortunately, one wrong move could leave you facing a 50% penalty. Taking the right steps to calculate your RMD correctly can help ensure you avoid any costly mistakes. 

To avoid unnecessary tax penalties, click here to download “Calculating your RMD in 5 Easy Steps.”

For professional assistance with your RMD calculations and distribution requirements, click here to contact the office nearest you.

Login to post comments.