Paul Allen with an RMD Reminder!

If you are 73 or older, don’t forget to withdraw your 2024 required minimum distribution (RMD) from your Individual Retirement Arrangement (IRA) by December 31!

Remember, the distribution taken from your IRA is taxed as current income. If you don’t need the money, consider donating the RMD to a qualified charity. This would allow you to receive a deduction that can offset the RMD’s tax liability.

If you need assistance or would like to discuss your 2024 RMD, please reply to this email or call our office today!

*Raymond James does not provide tax advice. Please be sure to consult with the appropriate tax professional in regards to your particular situation.