Episode 5 - Required Minimum Distributions (RMDs) Explained

In this episode of the Building Wealthy Habits Podcast we cover Required Minimum Distributions (RMDs) from retirement accounts. We discuss calculating RMD amounts based on account balances and the flexibility in distributing amounts across accounts. Inheritance rules are explained, noting that spouses can stretch distributions but non-spouses get 10 years to empty accounts. We also mention Qualified Charitable Distributions as a tax strategy to reduce income from RMDs.    This week on Building Wealthy Habits: Retirement accounts and required minimum distributions. Retirement account RMDs and tax implications. RMDs and charitable distributions for retirement accounts. RMDs, inherited IRAs, and tax implications. RMDs and inherited IRAs.   Connect with Jeremiah: LinkedIn: https://www.linkedin.com/in/jeremiahjlee/ Email: [email protected]   Connect with Laura: LinkedIn: https://www.linkedin.com/in/laura-lee-59a83610/ Email: [email protected]