Fair Market Value = Willing Buyer, Willing Seller (Neither under compulsion to buy or sell)…
That said, with 10,000 Savers turning age 65 each day for the next two decades, the government is in for a big payday once those Savers begin taking withdrawals for retirement income and eventually when they hit their age of Required Minimum Distribution. Now age 72, previously 70 1/2 years old (as of the date of this recording).
Tony’s thoughts are that there could be a big problem with the stock market when all of these Savers pulling RMDs out, moving money into a cash position will create a surplus of shares of stocks – driving the market down due to the lack of willing buyers. We can help protect you from this possible phenomenon with our WorryFree Split IRA Concept®!
