Eventually, after years or even decades of saving, you will need to begin withdrawing and taxing the funds from your retirement accounts. RMDs are required to be taken at age 73 starting in 2023 and at age 75 beginning in 2033. If you make a mistake, it could have serious financial repercussions.
Author: Matt
Plan for retirement by putting your assets to good use.
When you are working, you are paid for your time. After retirement, however, it’s time to start making money off your assets. It can be challenging to adjust to living off of a retirement portfolio, which could prompt some retirees to seek employment again. You won’t have to return to the office if you learn to leverage your existing resources.
