Everything You Need to Know About RMDs

Required Minimum Distributions (RMDs) are one of the most misunderstood—and potentially costly—parts of retirement planning. Nick and Eric break down exactly what RMDs are and why they can have a significant impact on your taxes, Social Security benefits, Medicare premiums, and overall retirement strategy. They also discuss common mistakes retirees make and how strategies like Qualified Charitable Distributions (QCDs) can help reduce taxes while supporting causes you care about. Here's what we discuss in this episode: 💸 Forced Withdrawals: Why the IRS requires RMDs 📊 Calculation Rules: How your RMD amount is determined ⚠️ Tax Impact: The hidden consequences of larger distributions 🧰 Account Flexibility: Why retirement "buckets" matter 🎁 QCD Strategy: Giving to charity tax-efficiently   Our website: https://johnsonbrunetti.com/ Phone: 800-208-7233 Contact our team: https://johnsonbrunetti.com/contact-us/   Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/ Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/ Check us out on YouTube: https://bit.ly/3CcAzai