074: Planning for RMDs with Will Doty
Episode description
Acronyms can sometimes make things easier to understand or remember, but there are a few of them that relate to your retirement that are very complex. Two of them are RMDs (Required Minimum Distributions) and the SECURE Act (Setting Every Community Up for Retirement Enhancement). The rules for RMDs have changed due to the SECURE Act, and it's vitally important that you understand them
In this episode of The Guided Retirement Show, Will Doty joins me to explain RMDs, tax planning opportunities surrounding RMDs, how RMDs factor in when leaving money behind for the next generation, and so much more.
In this podcast interview, you’ll learn:
- How the rules for RMDs changed because of the SECURE Act
- Why the SECURE Act is secure in name only
- When to start thinking about RMDs
- How to plan around taking your RMDs
START PLANNING
To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/74
Learn More about Retirement Planning
Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com