REQUIRED MINIMUM DISTRIBUTIONS — EXPLAINED!

In case you missed it, here’s what we discussed in Episode 31:

• What exactly is an RMD? - Emlen breaks down the basics and importance of Required Minimum Distributions.
• Recent Changes: Understand how legislative changes like the SECURE Act 2.0 have extended the age requirements.
• Tax Implications: Get insights on how RMDs are taxed and why the IRS mandates them.
• Variations Across Accounts: Discover how different retirement accounts, like Roth IRAs, handle RMDs.
• Strategies for Your RMDs: Emlen shares creative strategies for utilizing RMDs, whether for reinvestment or charitable giving.

We wrapped up the episode with some essential tips on planning for future beneficiaries of these retirement accounts, ensuring you’re fully prepared to make informed decisions about your financial legacy.

Ready to get a grip on your retirement planning? Tune into this enlightening episode right away. And don’t forget, if RMDs still sound like alphabet soup, we’re here to help. Schedule your FREE CONSULTATION now!

If you'd like to learn more, check out our other episodes from Hello Retirement!