Unfortunately, you cannot keep your retirement funds in your account indefinitely. When you reach the age of 72, you generally have to start taking required withdrawals from your retirement plan account. This is an essential end-of-year financial planning topic because if this applies to you and you do not follow the rules of the IRS, you could be paying as much as a 50% penalty on the amount that wasn’t drawn. So, in this episode, I will be explaining what you need to do to ensure you don’t get penalized.

You can find show notes and more at: https://bit.ly/3hJZyYL