Are RMDs dangerous to seniors’ health?

By Steve Savant

Although they might claim that they are here to help boomers and seniors retire, are you sure that the government’s “retirement plan” is the best option for your clients?

At age 70½, all seniors have to take RMDs (Required Minimum Distributions) from their traditional IRA, 401(k), and/ or any other qualified money. They must calculate and withdraw the correct amount on their own and can face harsh penalties if they don’t. For most seniors, the RMD plan is the one they are going to follow because it’s been laid out for them and, after all, it was designed by the government so it must be the optimal way to receive retirement income. Right?

The reality couldn’t be further from the truth. Not only is the government’s plan suboptimal, but with life expectancy tables dramatically increasing it can actually be downright dangerous to seniors’ financial health in their later years!

Steve Savant and MDRT platform speaker and author of’s Paychecks and Playchecks, Tom Hegna, walk you through the new retirement thinking that comes with living on the edge of math and science.

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