
In 1978 the federal government began to allow employees to save pre-tax earnings in a variety of retirement accounts. The accounts would then grow untaxed until they were withdrawn starting at mandatory age 70 and a half. (The age now for Required Minimum Distributions “RMD” is 72 years old). Many of you, myself included, have some sort of retirement fund whether it is a 401k, 403b, IRA or 457 plan.