What Your Advisor Should Tell You About Required Minimum Distributions

Lucas and Luna break down the new Secure Act 2.0 rules for RMDs — starting ages, penalty changes, and the often-overlooked stretch IRA impact. With the age jumping to 73 in 2023 and 75 in 2033, many retirees are unknowingly setting themselves up for larger-than-expected tax bills. They walk through a real example: a 74-year-old client who missed her first RMD by six months and faced a 25% penalty — now reduced to 10% under the new law. They also discuss whether QCDs (qualified charitable distributions) still make sense when you don't need the income. If you've inherited an IRA or are approaching your 70s, this episode gives you the specific questions to ask your advisor before year-end. #RMDs #SecureAct2.0 #RetirementPlanning #RequiredMinimumDistributions #QCD #InheritedIRA #IRA #TaxPlanning #FinancialAdvisor #Fiduciary #RetirementIncome #IRS #PenaltyReduction #CharitableGiving #EstatePlanning #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo