Bob Welch, Senior Vice President and financial advisor at Wealth Enhancement Group was quoted in a USA Today article titled, “What Are Required Minimum Distributions?”
“Taxes are only paid once distributions are made,” says Bob Welch, a financial advisor and senior vice president at Wealth Enhancement Group. “If there were no RMDs in place, the problem as the IRS sees it is that people could accumulate substantial retirement assets and defer taxation indefinitely.”
Access the article by Erin Gobler here.
