Retirement savings accounts can offer tax advantages to help encourage people to save during their working years. In exchange, account owners must take minimum annual withdrawals (Required Minimum Distributions or RMDs) once they reach a certain age. Investors turning 73 in 2024 have until April 1, 2025 to take their first RMD. Generally, every year after that, RMDs must be completed by December 31. But what about if you’re still working and participating in a workplace 401(k) or 403(b)? Instead of connecting the financial dots yourself, learn how Mercer Advisors can help take the weight off your shoulders.
