Most people spend decades building their retirement accounts… but very few understand how those accounts get taxed when it’s time to take the money out.
Required Minimum Distributions (RMDs) are the IRS’s way of forcing distributions from pre-tax retirement accounts—and if you’re not prepared, they can create unnecessary tax headaches.
In this video, we break down:
What RMDs are
When RMDs start
How they’re taxed as ordinary income
The April 1 rule (and how it can lead to two distributions in one year)
Why RMDs can impact your tax bracket and Medicare premiums
How to think about planning strategies like Roth conversions before RMD age
Done right, proactive planning can potentially reduce lifetime taxes and give you more control over your retirement income.
#financialplanning #retirementplanning #taxplanning #wealthmanagement
#RMD #Retirement #taxes
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