Boomers: What’s Next (by Mike Causey)

One of the downsides of getting older is that for many if not most of us, some parts get bigger while others shrink. Which is often not a good thing.

We’re talking, of course, about your Thrift Savings Account. Over time it (hopefully) gets bigger. And while that’s really good it can also present some minor problems when you must, by law, start reducing it in the form of a Required Minimum Distribution. The RMD is the amount of money that must be withdrawn (taken) from most tax-deferred retirement plans annually once the account holder reaches age 70.5. Continue reading…