Why are there reqirement withdrawals the first year I retire

when I have income from a severance package that exceed my needs


dan royer's picture

I'd need a bit more information maybe, but do you mean "requirement" or "retirement" in your title that bleeds into your message? If it's requirement that you mean, perhaps these are Required Min Withdraws that are imposed by law on qualified plans after 70. If you are not 70, perhaps they are not required at all and you simply have them set to begin in KEY AGES tab in your retirement setup?

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