RMD Explained: The IRS Rule That Can Cost You Thousands

Описание: If you’re 73 or older — or approaching that age — this video is not optional.

Required Minimum Distributions (RMDs) are one of the most misunderstood IRS rules in retirement. Get it wrong, miss a deadline, or miscalculate by even a small amount, and the penalties can be severe.

In this video, I break down:
• What an RMD actually is
• How the IRS calculates it
• The most common mistakes retirees make
• Why RMDs can quietly increase your taxes and Medicare premiums
• And how strategies like Qualified Charitable Distributions (QCDs) may help reduce the damage

This is general educational information, not personal tax advice. Every retirement situation is different.

If retirement rules feel confusing or overwhelming, you’re not alone — and that confusion is exactly what costs people money.

Subscribe for clear, no-nonsense explanations designed for retirees who want to stay informed and in control.



⚖️ ADVISORY & DISCLAIMER:
The content in this video represents the personal insights and opinions of James Sterling for educational and entertainment purposes. This is not professional financial, tax, or legal advice. Long-term care laws vary significantly by state; always consult with a qualified elder law attorney or financial professional.
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