Font size: + –
Print
1 minute reading time (75 words)

Trump's Proposes to Extend RMD Age

General Personal Finance Tax Planning Retirement
197 Hits

President Trump issued an executive order directing the Treasury Department to extend the age for required minimum distributions from retirement accounts. Currently the age is 70 1/2. His reasoning is that people are working and living longer. This can be good news for some of our clients who don't necessarily need to take the withdrawals at 70 1/2. Here is an articles from Forbes with some pros and cons to the proposed change.

Read Here

Tweet
Tags:
president Trump executive order Treasury Department retirement accounts 70 1/2.
Wedding Bells!
Informed Delivery by the United States Postal Serv...

About the author

Erin Nelsen, CFP®

Erin Nelsen, CFP®

Call 714-827-5794  to make a free consulation with Erin 

Erin Nelsen, CFP® is a fee-only fiducary Financial Advisor that manages portfolios & conducts hourly financial planning for Asset Planning.  Erin holds the CERTIFIED FINANCIAL PLANNER ™ & Registered Investment Advisor Representative professional designations.  Erin has expertise in various financial planning areas such as investments, taxes, estate divisions, public and private pension options, Social Security, real estate, insurance analysis, recent widow planning, and many other complex financial issues that arise.  Erin has been with Asset Planning since April 2007. Erin is thankful to have found her perfect forever firm. Asset Planning holds a high standard of care for both its clients and staff, and everyone is truly valued as family. 

An Orange County native, Erin earned her Bachelor of Arts in Business Administration with a concentration in Finance from Cal State Fullerton. Erin completed the Personal Financial Program at CSUF. Erin is an active member of the Orange County Financial Planning Association and has been a volunteer teacher of personal finance to elementary kids through the community outreach program Junior Achievement. 

Erin Nelsen is a Fee-Only Financial Advisor and a member of NAPFA, the largest Fee-Only Network Financial Planners. Fee-Only means Erin is only compensated directly by her clients & does not sell products nor accept commissions for the investments she recommends. Erin is proud to have built her career solely on the independent Fee-Only side of the Wealth Management industry. Erin is among an elite group of Financial Advisors held to the Fiduciary Standard. As a Fiduciary, she is required to put a client's interest above her own. Ethical, appropriate, & skilled professional care is our solid promise to all clients. 

When Erin is not at the job she loves, she is busy tending to her garden, caring for her family, attending concerts, traveling, floating in her pool, or scouting out new restaurants to try with her husband/college sweetheart of 18 years. Erin's  household is blessed with a son, daughter (both in college), two  nephews (orphaned), a Sheltie dog, & two royal cats that rule her household. 

Author's recent posts
More posts from author

Search Blogs Module

Latest Blogs

Wait a minute, while we are rendering the calendar

Blog Categories

client portal home mortgages assets Flexible Spending Account wells Fargo padlock credit freeze Open Enrollment investment statements emergency folder 70 1/2. debt phishing sites memorial Day weekend vacation policy 401K IRS deadline Supplemental Security Income money Legal robocalls privacy settings pet supplies rescue organizations interest rates contribution limit tax deadline Kiplinger Letter non-prescripstion sunglasses Auto insurance relief efforts Roth IRA retirement accounts https ://seekingalpha earthquake app DNA test kits April 11 phishing scams official certification Kraig Mathias Healthcare Amazon consumer spending Two-Step Verification CERTIFIED FINANCIAL PLANNER exam Brexit vote 2017 TD Ameritrade National LINC Conference 23 andme Orange County trustee home security Fox News story car loans estate fun facts Shred paperwork “ skimmer ”. Part B Medicare ice cream event Treasury Department July 4 Wells Fargo employees documents driver license pet account numbers June 29 insurance policy Wells Fargo customers Independence Day asset Planning FEMA website credit score borrowing money Mobile Banking Security Tips Facebook profile VOIP landline phones flash drive Medicare Part B retirement increase emergency kit Part D premiums . house sitter banking clients show support web address pets notary services Medicare Part B premiums identity theft Puerto Rico trust April 18 2017. Retirement Contribution Limits credit card company portal https :// California Lions Friends 20 year anniversary Orange County Superior Court D premiums illiegal robocallers FSA prescription eyeglasses paperwork clutter home break-ins ID card Notary Public chip-enabled EMV cards home summer opt-out spring cleaning parking spots Victor Dergunov Open House Social Security Administration 4 pm -8pm tax season birth certificates health care costs executive order October 1 2020. information Facebook Social Security privacy notices National Ice Cream month retirement planning retirement plans gap insurance fees credit card fraud 2017 IRA contributions drive /usb Affordable Care Act 2018 IRA contributions card reader credit cards April 15 IRA accounts clone counterfeits jury duty president Trump estate planning clients insurance policies disaster areas Medicare question vision screening pet industry bottom line identity thieves