Ep23 | Why RMDs Could Cost You More Than Taxes (Unless You Plan Ahead)

Required Minimum Distributions (RMDs) are mandatory—but the penalties, taxes, and financial stress don’t have to be. In this episode, Ray Godleski breaks down:When your first RMD is actually due (and how to avoid doubling up)How inherited IRA rules changed under the SECURE ActWhat to do if you miss an RMD—and how to fix it fastWhy QCDs (Qualified Charitable Distributions) can reduce both taxes and IRMA surchargesHow to turn RMDs into long-term planning tools, not financial headachesListen now to learn how to manage your RMDs with clarity and confidence—so they strengthen your retirement plan instead of derailing it.More on RMD: https://www.irs.gov/retirement-plans/plan-participant-employee/required-minimum-distribution-worksheetsIf you would like to set up a call with Ray Godleski, use this link: 15 minute call with Southeast Wealth PartnersEmail your financial planning questions to: [email protected]🗣️ “A discount on punishment is still a punishment. Let’s not give the IRS your Europe trip money.”🧠 “Required minimum distributions are mandatory. But penalties—and bad tax planning—are optional.”💡 “You’re not just planning taxes for yourself. One day you might be planning for a widow, or even your kids’ tax future.”🎯 “Use your RMDs strategically—not just to avoid penalties, but to strengthen your retirement plan.”🙌 “The goal is simple: You control the timing. Not the IRS.”🎧 Follow the show every Tuesday on Apple Podcasts:https://podcasts.apple.com/sg/podcast/financially-fluent/id1796392113📩 [email protected] welcome. Real answers given.Explore our free tools and resources atwww.YourNextStepFinancial.com