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tax bracket. Even if you aren’t required to take distributions at age 70-1/2 because you are still working, it could make good tax sense to start your payouts sooner rather than later.
If you would like assistance working through the numbers and getting the best tax treatment on your plan payouts, contact our office.
John “Sandy” MacRae is the principal with MacRae Associates, P.C., CPAs with offices in Washington and Fairfax, Virginia. The firm specializes in small business issues and financial consulting for business and individuals. He can be reached at (540) 675-2043 or (703) 691-1290.
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