Insurance

Pacific Life shares RMD calculator to help plan for retirement

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Pacific Life RMD Calculator to help plan for retirement

American insurance agency, Pacific Life, has shared a Required Minimum Distributions calculator with customers, to help them better plan for their retirement.

In a post shared on Twitter today, 19 December 2019, Pacific Life stated, “Current tax law specifies that once you reach age 70.5, you must begin taking Required Minimum Distributions annually from your IRAs and other retirement plans. Do you know your current year RMD? This calculator can help provide you with an estimate.” The calculator helps pensioners determine how much to withdraw from their retirement plans in order to meet the tax requirements.

See the post below.

Sayushka Naidoo
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