Retired
Once you’ve retired, you may think it’s less important to track and manage your JRB account. Nothing could be further from the truth. In fact, it’s more important than ever to monitor your account portfolio and make informed, appropriate financial decisions that will help ensure your retirement is financially secure.
As people live longer, one of the growing concerns is having enough money to last for your, as well as your spouse’s, lifetime. So deciding how your holdings should be allocated for your lifestyle and anticipated life expectancy is of paramount importance.
In developing a strategy for withdrawing funds from your retirement accounts, keep in mind that there are required minimum distributions (RMDs) that you’ll need to take once you reach age 70½ if you are no longer working.
If you are a retired rabbi or cantor, you now should claim your parsonage allowance through the JRB.
If you do have any questions, be sure to call us at 888-JRB-FREE (888-572-3733).