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

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Manage episode 380272879 series 2854350
Content provided by Trent Bradshaw. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trent Bradshaw or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Are you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. In this episode, we demystify the reasons behind mandatory withdrawals from your retirement savings.

Listen in as we discuss strategies to potentially avoid them and understand the risks of not preparing for them in advance. And for those fortunate to not rely on RMDs for income, we'll explore impactful ways to utilize those funds.

Join us as we explore the ins and outs of RMDs, their recent changes, and the smart strategies you can employ to ensure you keep more of your hard-earned money!

Here’s some of what we discuss in this episode:

  • What are Required Minimum Distributions (RMDs) and why do they exist?
  • Can RMDs be avoided?
  • Not planning for RMDs can lead to unexpected tax hits, especially if they push you into higher tax brackets or affect your Social Security taxation
  • What can you do with RMDs if you don't need the money for income?

Contact:

Website: http://bradshawfp.com

Email: office@bradshawfp.com

Call: 704-216-2260

  continue reading

74 episodes

Artwork
iconShare
 
Manage episode 380272879 series 2854350
Content provided by Trent Bradshaw. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trent Bradshaw or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Are you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. In this episode, we demystify the reasons behind mandatory withdrawals from your retirement savings.

Listen in as we discuss strategies to potentially avoid them and understand the risks of not preparing for them in advance. And for those fortunate to not rely on RMDs for income, we'll explore impactful ways to utilize those funds.

Join us as we explore the ins and outs of RMDs, their recent changes, and the smart strategies you can employ to ensure you keep more of your hard-earned money!

Here’s some of what we discuss in this episode:

  • What are Required Minimum Distributions (RMDs) and why do they exist?
  • Can RMDs be avoided?
  • Not planning for RMDs can lead to unexpected tax hits, especially if they push you into higher tax brackets or affect your Social Security taxation
  • What can you do with RMDs if you don't need the money for income?

Contact:

Website: http://bradshawfp.com

Email: office@bradshawfp.com

Call: 704-216-2260

  continue reading

74 episodes

All episodes

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