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The New RMD Rule - Maximizing Your Retirement Thumbnail

The New RMD Rule - Maximizing Your Retirement

The age at which you must start taking required minimum distributions (RMDs) from your tax-deferred retirement accounts has been raised to 73 years old and will increase to 75 in 2033. An RMD is the minimum amount you must withdraw from your retirement accounts, such as 401(k)s and traditional IRAs, after reaching age 73.

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About Angela

Angela Dorsey is the founder and financial advisor at Dorsey Wealth Management, a fee-only financial planning firm based in Torrance, California, helping women prepare for retirement. Angela earned a BS in computer science from Loyola Marymount University, an MBA from UCLA Anderson School of Management, and spent 20 years as a Senior Compensation Specialist in large corporations before becoming a CERTIFIED FINANCIAL PLANNERâ„¢ professional and a Registered Investment Advisor (RIA). That background gave her the tools to couple with her passion for empowering women to make the best financial decisions possible. Angela lives in Torrance, California, with her husband. She enjoys spending time at the beach or surrounded by nature.