EPISODE · Jun 27, 2023 · 33 MIN
Everything You Need to Know About RMDs (Required Minimum Distributions)
from Ready For Retirement · host James Conole, CFP®
Required Minimum Distributions work differently depending on the type of account. How can you most effectively plan for them? Today we're talking through everything you need to know about RMDs so you can understand their nuances and create a plan to best address them.Questions Answered:At what age do you need to take an RMD?What accounts do you have to take an RMD on?Timestamps:0:00 Intro2:59 At what age do you need to take out an RMD?4:19 How much is the RMD going to be?7:40 What accounts do you have to take an RMD on?9:25 Basic rules11:26 Spouse and non-spouse inherited IRAs16:11 Extra benefit20:07 Exceptions to the rules23:54 Keep this in mind25:55 Example32:26 OutroCreate Your Custom Strategy ⬇️Get Started Here.Join the new Root Collective HERE!
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What this episode covers
Required Minimum Distributions work differently depending on the type of account. How can you most effectively plan for them? Today we're talking through everything you need to know about RMDs so you can understand their nuances and create a plan to best address them. Questions Answered: At what age do you need to take an RMD? What accounts do you have to take an RMD on? Timestamps: 0:00 Intro 2:59 At what age do you need to take out an RMD? 4:19 How much is the RMD going to be? 7:40...
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Everything You Need to Know About RMDs (Required Minimum Distributions)
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