RMDs Explained in Plain English

Описание: 📞 Schedule a 15-minute strategy call: https://210financial.com/schedule-a-m...

Required Minimum Distributions sound simple. You reach a certain point in retirement, and the government steps in to collect. But the real impact isn’t just about taking money out. It’s about how those withdrawals ripple through the rest of your financial picture. In this video, Kendall breaks it down in plain English and how failing to think ahead can limit your flexibility later in life. If retirement is on the horizon, or already here, this is one of those topics that’s far easier to handle proactively than reactively.

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

📘 Understanding RMDs: Mandatory taxable withdrawals begin at 73 or 75
🧮 RMD Calculations: Roughly 4% and rising annually
⚠️ Tax Ripple Effects: Higher brackets, Social Security taxation, IRMAA
🚫 Common Mistakes: Waiting too long to plan
📊 Tax Strategy: Roth conversions and charitable planning

0:00 – Intro
0:31 – What is an RMD?
1:46 – Calculation
2:50 – RMD Penalties
3:45 – How RMDs Can Wreck Your Retirement
6:39 – Common RMD Mistakes
10:02 – Tax Planning

💰 Calculate Your RMD: https://www.schwab.com/ira/ira-calcul...

#requiredminimumdistribution #RMD #retirementplanning
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