Massive layoffs in the tech world have been grabbing headlines lately. Companies like Google, Meta and Amazon are letting workers go by the thousands. Just a few years ago, many were looking at finishing their careers with these jobs. If someone is close to retirement – and that ‘forever job’ is becoming less stable – what can they do now to prepare for an unplanned retirement and still get guaranteed income?
Then, once you turn 73, Uncle Sam makes you withdraw money from your tax-deferred retirement accounts so the government can collect its taxes. It’s called a Required Minimum Distribution or RMD. But what if it’s forcing you to take out more than you actually need? Is there a way to work around this?
Tune in with Steve Aul for “The Aul Financial Hour” every Saturday at 10 a.m. on KMOX News Radio 1120 and every Sunday at 6 a.m. on 101 ESPN!