Episode description
"Hey everyone, today we're going to be talking about Required Minimum Distributions (aka RMDs). Know there is a lot of material out there on RMDs but stick with me on this important topic if you have an IRA or 401(k). The rules have changed and if you are approaching retirement age, or know someone who is, you don’t want to miss this episode.
This subject can be both confusing and overwhelming. So, having proper knowledge about RMDs can help retirees make solid, strategic decisions. Stay tuned and I will help you unlock the benefits of your RMDs.
Alright, let’s get to it. We are going to cover:
•What are RMDs
•How to calculate your RMD
•Tax consequences of taking RMDs
•Strategies to minimize the tax impact of RMDs
•Deadlines for taking RMDs