How Required Minimum Distributions Affect Your Retirement Plan

In this episode of Wealth Building with Fexingo, Lucas and Luna tackle a topic that sneaks up on many retirees: Required Minimum Distributions, or RMDs. They break down the IRS rules, the penalties for missing withdrawals, and the strategies to minimize the tax hit. Using a specific example of a retiree with a $1.2 million IRA, they illustrate how RMDs can push you into a higher tax bracket at age 73. They also discuss Roth conversions, Qualified Charitable Distributions, and the often-overlooked SECURE 2.0 changes that raised the starting age to 73. Whether you're decades from retirement or already taking distributions, this episode gives you a concrete action plan to manage RMDs and keep more of your nest egg. No fluff, just numbers and real-world tactics. #RequiredMinimumDistributions #RMDs #RetirementPlanning #IRA #RothConversion #QualifiedCharitableDistribution #SECURE20 #TaxStrategy #IRAPenalty #RetirementIncome #TaxBracket #CompoundGrowth #WealthBuilding #FexingoBusiness #BusinessPodcast #Finance #RetirementTaxes #InheritedIRA Keep every episode free: buymeacoffee.com/fexingo