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Dec 18, 2019

You spend your whole career growing your tax-deferred investment accounts like 401(k)s, 403(b)s and IRAs. And once you reach age 70½, the IRS requires that you start withdrawing your savings (thus giving Uncle Sam his annual income-tax cut) through what’s known as required minimum distributions (RMDs). Understanding how RMDs work so you can avoid costly penalties and account for the tax liability is a critical element of every investor’s spending and saving strategy in retirement.

In this straightforward discussion, two of our experienced financial planners use real-world examples and share some tips and tactics we employ for our clients that can benefit anyone in or nearing retirement.

Among the discussion topics:  

  • How RMD amounts are calculated
  • What are the tax and legacy implications?
  • The IRS penalties you need to look out for
  • Using RMDs for charitable purposes

It’s never too soon to become more informed about financial planning in retirement. To learn more, listen to the podcast today.

And if you’d like good reference guide to all things RMD, click here for our free, no-obligation infographic, 9 Need-to-Know RMD Facts.