One of the most important aspects of retirement planning is starting early. But for the people who take the DIY retirement planning approach, there’s one thing that can easily be overlooked: Required Minimum Distributions. There have been some major changes with RMD rules over the past few years, so we’re going to review those and discuss RMD strategies before and after retirement.
Timestamps:
00:00 – Introduction
01:20 – What Is an RMD?
05:57 – Roth vs. Traditional and the Tax Time Bomb
07:20 – Roth Conversions
11:40 – Qualified Charitable Distributions
17:43 – Paying Tax on the Seed vs. the Harvest
21:42 – What We Learned Today
Roth Conversion Case Studies: https://bit.ly/3NWZS3e
Tax Reduction Strategies: https://bit.ly/3RUWeI3
Become a Rothaholic!: https://bit.ly/3NUoZDG
Financial Planning Tool: https://bit.ly/3Scawp4
Meet with Us: https://bit.ly/48EOhOa
Understanding SECURE 2.0 with Ed Slott: https://youtu.be/HHPMo9l0yeg?si=X2AvnO7nK7KelOD5
Roth vs. Traditional with Corey Hulstein, CPA and Bud Kasper: https://youtu.be/ASEEO30DZfI
Maximizing In-Plan Roth Conversions for 401(k)s: https://youtu.be/4IH9AJ9GajI
Considerations for Retirement Before Ages 62 & 65: https://youtu.be/JbZWycokNhc
What Is a QCD?: https://youtu.be/vpdl1ZUlcNc
How Does a Roth IRA Grow?: https://youtu.be/sJcVt95fKZo
Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k
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Investment advisory services offered through Modern Wealth Management, LLC, an investment adviser registered with the SEC.
The views expressed represent the opinion of Modern Wealth Management an SEC Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.