The $3M Retirement Tax Trap: RMDs, IRMAA, and the Hidden IRS Schedule

How much you need to retire quiz: https://bit.ly/Adam-OlsonWhat actually happens when you retire with $3 million in traditional retirement accounts?In this episode, I walk through the real numbers behind Required Minimum Distributions (RMDs) starting at age 73—and why having a large IRA or 401(k) can quietly turn into a tax and Medicare premium problem if you don’t plan ahead.You’ll learn:What a $3M portfolio forces you to withdraw in your first RMD yearHow RMDs stack with Social Security, pensions, and dividendsWhy many retirees end up in higher tax brackets than they expectedHow RMD income can trigger IRMAA Medicare surcharges years laterThe surviving spouse tax trap almost no one sees comingWhat proactive tax planning (like Roth conversions) can still do—before it’s too lateThe biggest threat to a well-funded retirement isn’t market loss—it’s government-mandated income taxed on their schedule, not yours.I’m Adam Olson, a CFP®. I used my 14 years of experience to create the Red Zone Retirement Planning Process, so that your retirement feels like a Saturday every day.If you want help optimizing your own retirement plan, click the link to fill out the questionnaire and I’ll send you a personalized video showing exactly how this applies to your situation.How much you need to retire quiz: https://bit.ly/Adam-OlsonInvesting involves risk, including loss of principal. Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein. This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.