The Secure Act went into effect on January 1, 2020. This act changed the beneficiary distribution rules on many retirement accounts including 401(k), 403(b), Traditional and Roth IRA accounts.

Here are the top 5 misconceptions about RMDS that I have heard over my career which could be quite detrimental to your pocketbook.

Many people are confused about whether they can contribute to their plan or when they have to start plan distributions once they reach age 72.  Listed below are the common retirement plans in use by most people today and a summary of the respective plan contribution...

The Secure Act went into effect on January 1, 2020. This act changed the beneficiary distribution rules on many retirement accounts including 401(k), 403(b), Traditional and Roth IRA accounts.

Here are the top 5 misconceptions about RMDS that I have heard over my career which could be quite detrimental to your pocketbook.

Many people are confused about whether they can contribute to their plan or when they have to start plan distributions once they reach age 72.  Listed below are the common retirement plans in use by most people today and a summary of the respective plan contribution...