Why RMD Rules Matter in Retirement Planning (Ep. 17)
Are you ready to handle the complexities of Required Minimum Distributions (RMDs) in your retirement plan?
In this episode, host Jeff Panik, CFP®, MSFS, CRPS breaks down the latest RMD regulations, tax implications, and effective strategies for managing these distributions on the latest episode of ‘Between Life and Money: Finding Balance.’ This episode is essential for anyone nearing retirement or looking to refine their retirement strategy.
Key Highlights:
- RMD Regulations: Understand the evolving age requirements and regulations for RMDs, including recent changes
- Calculation Methods: Learn how to calculate your RMDs accurately using life expectancy tables and account values
- Charitable Contributions: Discover how Qualified Charitable Distributions (QCDs) can satisfy RMD requirements while benefiting charities
- Tax Implications: Explore the tax consequences of RMDs and strategies to minimize your tax liabilities
- Inherited IRAs: Understand the specific RMD rules for inherited IRAs, including differences for various beneficiaries
- Roth Conversions: Learn about the advantages of converting pre-tax accounts to Roth IRAs before reaching RMD age
- Strategic Planning: Get tips on effective RMD planning to balance income needs and tax burdens, ensuring a smooth transition into retirement
- And much more!
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