Understanding RMDs: A Guide For Retirees & The Soon-to-Retire

Let’s talk about the mandatory withdrawals you’ll eventually have to take out of your accounts. Required minimum distributions are something to expect once you hit a certain age, but there are still plenty of ways to be strategic about them. Especially once you’re over 60 and in the retirement “red zone,” you’ll want to plan for your RMDs and what you can do about them. We talk through different strategies that David has used with his clients and what to keep in mind about RMDs.

Here’s what we discuss on today’s show:

• Why do we have required minimum distributions?
• Can I avoid RMDs?
• How can you plan for RMDs and what are the risks if you don’t plan?
• If you don’t need the RMDs to live on, what can you do instead?
• How has David helped someone plan for RMDs?

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.