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Wall Street Is Warning of a Market Snapback. For a 73-Year-Old, an RMD Locked to Last Year’s Balance Could Force a Sale at the Bottom.

Gerelyn Terzo3h agoen
Read on 247wallst.com

From the article

Picture a 73-year-old retiree who watched his IRA swell through 2025 and into this year. The S&P 500 is up about 9% year to date through July 6, and it has gained approximately 20.5% over the past year. He’s comfortable. Then, in early July, Bank of America (NYSE:BAC) warned the market could suffer a “snapback” ... Wall Street Is Warning of a Market Snapback. For a 73-Year-Old, an RMD Locked to Last Year’s Balance Could Force a Sale at the Bottom.
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