Understanding RMDs: A Guide For Retirees & The Soon-to-Retire
Eric Judy • October 19, 2023
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.
On this episode:
Discover strategies to potentially avoid them and understand the risks of not preparing in advance. And for those fortunate to not rely on RMDs for income, we'll explore impactful ways to utilize those funds. By understanding these withdrawals and getting a jump on planning, you’ll be able to take your RMDs more efficiently.
So don't miss out on this episode as we equip you with the knowledge you need to confidently plan for another day in retirement paradise.
Here are a few of the things you’ll learn in this episode:
- What are RMDs and why are we required to take this money out?
- Is there any way to avoid taking RMDs?
- What are the biggest risks you face by not planning in advance?
- If you don’t need the money for income, what else can you do with your withdrawals?
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