What If Your Client Doesn’t Need The RMD? featuring Lisa Colletti

Financial Advisor Magazine

A former university professor and his schoolteacher wife living near Pittsburgh, are in their mid-70s and retired. They have more than enough money from pensions and Social Security to cover their expenses. But since they each reached 70.5 years of age, the government has forced them, as it does everyone, to take a certain amount from their tax-deferred retirement accounts, known as a required minimum distribution or “RMD.”