The RMD Reality Check Every Retiree Needs

Required Minimum Distributions can be one of the most confusing parts of retirement planning — and getting them wrong can lead to unnecessary taxes, missed opportunities, and costly mistakes.In this video, we discuss:• What Required Minimum Distributions are• When RMDs start• How RMDs are calculated• Common RMD mistakes retirees make• How RMDs affect taxes in retirement• Retirement planning strategies related to RMDsRELATED VIDEOS:https://youtu.be/aiv9eW8tizkhttps://youtu.be/yhT_MkMT2Ochttps://youtu.be/zjrbXScvmDACONNECTING WITH ZACC:Phone: 801-566-5058Email: [email protected]: CapitaFinancialNetwork.comYour Best Financial Year: https://www.capitafinancialnetwork.com/your-best-financial-year Subscribe to The Retirement Nerds for more videos on retirement planning, Medicare, Social Security, taxes, and financial decisions that matter in retirement.Check out our resources at https://TheRetirementNerds.com/=============================Send me a [email protected]==========================================================Be Sure to Subscribe to our Channel!=============================YouTube: @theretirementnerds ============================================================Join our newsletter for monthly tips, book recommendations, and personal stories!https://theretirementnerds.com/newsletter/============================================================⏰ TIME CODES ⏰0:00 Intro1:16 RMD Definition2:35 Accounts Subject to RMDs3:35 Timelines5:19 How Do They Make You?12:37 Multiple IRAs and 401(k)s18:45 How RMDs Calculated21:50 Who Should Be Aware?28:19 How Scary Are RMDs?30:25 Suzy's Example41:40 Real Example: Paying off Home44:34 Cancer Example47:50 Inheritance Implications49:49 Big Age Gap Between Spouses52:02 Planning for RMDs58:34 Account Growth Outpacing RMDs1:01:10 QCD & DAF Clarifications1:05:14 Final Message About RMDs1:07:19 Question from the Comments1:10:56 Where to Get Help=============================#medicare #theretirementnerds #socialsecurity #retirementnerds #finance #RMDs #requiredminimumdistribution Disclosure: This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved. Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast. Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.