The RMD Reality Check Every Retiree Needs

Required Minimum Distributions can be one of the most confusing parts of retirement planning — and getting them wrong can lead to unnecessary taxes, missed opportunities, and costly mistakes.

In this video, we discuss:

• What Required Minimum Distributions are

• When RMDs start

• How RMDs are calculated

• Common RMD mistakes retirees make

• How RMDs affect taxes in retirement

• Retirement planning strategies related to RMDs

RELATED VIDEOS:

https://youtu.be/aiv9eW8tizk

https://youtu.be/yhT_MkMT2Oc

https://youtu.be/zjrbXScvmDA

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⏰ TIME CODES ⏰

0:00 Intro

1:16 RMD Definition

2:35 Accounts Subject to RMDs

3:35 Timelines

5:19 How Do They Make You?

12:37 Multiple IRAs and 401(k)s

18:45 How RMDs Calculated

21:50 Who Should Be Aware?

28:19 How Scary Are RMDs?

30:25 Suzy's Example

41:40 Real Example: Paying off Home

44:34 Cancer Example

47:50 Inheritance Implications

49:49 Big Age Gap Between Spouses

52:02 Planning for RMDs

58:34 Account Growth Outpacing RMDs

1:01:10 QCD & DAF Clarifications

1:05:14 Final Message About RMDs

1:07:19 Question from the Comments

1:10:56 Where to Get Help

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Disclosure:

This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved. Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast. Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.