The new tables presume you live longer.
The good news is your RMD may actually be a little lower! The bad news is It’s still fully taxable. Plus, it still counts as provisional income which means up to 85% of your social security could also be taxable.
One soulution to this is converting some or all of what you have to a Roth IRA. Why? Anything that you convert will eventially become tax free, plus a Roth will not count as provisional income, therefore will not affect your Social Security.
Rees Bridges brings a unique value to the IFW as both a highly accomplished creative professional and a successful financial services executive to serve in his role as Senior VP, Marketing & Communications.
Over the last decade Rees has served as the lead marketing & communications professional for a Fortune 500 Financial Services firm. He oversaw all advisor marketing strategies, client communications, and the entire firms branding and marketing initiatives.
Rees continues to pursue his passions as a creative professional & musician for over 30 years, with an impressive profile and reputation as a designer, performer, teacher, and studio musician. Here is a little secret: He serves in the role as an international clinician for Mapex drums, Paiste Cymbals and held the record for world’s fastest drummer between 2006 and 2007.
Rees grew up in London, England and currently resides in Miami, Florida. When not at work, he enjoys spending time with family and friends, traveling, and indulging in his passions for music and creative pursuits.