RWM Insights

Planning for RMDs

Required minimum distributions, or RMDs, are an important aspect of planning for retirement that can affect your retirement income strategy. Understanding and estimating your RMD can help you create a retirement income plan before you  are even required to take your first withdrawal.

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How Much Income Do You Need in Retirement?

Deciding how much of your pre-retirement income is needed to sustain your current lifestyle during retirement can help you prepare for a better retirement outcome. Planning for your new sources of income and differing expenses in retirement is key. This month, Dimensional Fund Advisors explains replacement rates, how they change with increased income, and how to use them to plan for your retirement.

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