If You Have A Pension, Plan For RMDs

Описание: Required Minimum Distributions (RMDs) apply to everyone, but they can be especially impactful for those with a high income in retirement like pensioners. In this episode of Joe Knows Retirement, Joe dives into what RMDs are, what impact they can have, and how a pension can make them particularly important to plan for. He also shares several strategies you can use to lower your RMDs and pay less in taxes.

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Timestamps:
00:00 Intro
00:51 Are you a Midwestern Millionaire?
01:44 What are RMDs?
04:46 How RMDs work
07:15 What impact can RMDs have?
11:01 How a pension can affect RMDs
13:41 Strategies to lower RMDs
19:13 The importance of working with a professional team

Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is a Securities and Exchange Commission registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.