Happy New Year from the Lombardo Pearce Group!
It's that time of year when our clients taking mandatory retirement account distributions start to consider how much they'll be drawing this year. In 2022, there's some good news on this front - the IRS has adjusted the calculation tables, so most accounts will be required to take less this year, despite higher account values. If you're curious, you can read more about how the calculations are made, and view the new tables here. If you have questions about your own required distribution, just reach out to any of us for more information.
It's also good to remember that there are tax management measures that clients can take advantage of when considering their required distributions. Qualified Charitable Distributions are a great tool, and if you have questions about how they work and might benefit you, we're here to help.