Retirement Planning in Your 70s and Beyond

In your 70s the focus shifts to required minimum distributions, healthcare costs, and passing on what's left efficiently and on your terms.

Required Minimum Distributions (RMDs)

• Traditional retirement accounts eventually require annual withdrawals. Missing an RMD triggers a steep penalty, so know your start age and calendar it.
• Qualified Charitable Distributions can satisfy RMDs while supporting causes you care about, often tax-efficiently.

Plan for healthcare

Healthcare and potential long-term-care costs are among the biggest late-retirement expenses. Understand what Medicare does and doesn't cover, and consider a plan for care.

Legacy and estate basics

Keep beneficiary designations current — they override your will. A simple, up-to-date estate plan spares your family confusion and cost.

Review your plan yearly; small changes keep everything aligned with your wishes.

Educational information only — not financial, tax, or legal advice. Consider speaking with a qualified professional about your situation.

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