At BCR, one of our core values is that we are “Independently Team Focused”. When I learned about this core value in my interview, I did not really think too much of it. I figured it was just another slogan. During my time at BCR, I have truly seen this core value demonstrated just about every single day.
Required minimum distributions, also known as RMDs, are a very important part of the financial planning process. Many people who save for retirement do so using deferred retirement accounts, and once you reach a certain age, there are requirements for withdrawing from these accounts. A big reason for this is so the government can tax these distributions as ordinary income.