Feeling overwhelmed by Required Minimum Distributions (RMDs) and their tax hit? Don't worry, retirement doesn't have to be filled with tax anxiety! This video unveils simple yet effective strategies to minimize your RMDs and keep more of your hard-earned money in your pocket. Discover powerful tactics like Roth conversions, qualified charitable distributions, and tax-efficient withdrawal timing that can make a significant difference in your retirement income. Get ready to learn insider secrets and unlock true financial freedom in your golden years! Watch now and start lowering your RMDs today!
0:00 – 1:32 What is a Required Minimum Distribution (RMD)?
1:33 – 3:38 When Do RMDs Start?
3:39 – 5:01 Strategy 1: Roth Conversions To Lower RMD's and Taxes In Retirement
5:02 – 6:19 Strategy 2: Withdrawal Strategies In Retirement To Lower Taxes
6:20 – 7:35 Strategy 3: Why Working Longer Is Actually Beneficial (gross)
7:36 – 8:35 Strategy 4: Take More EARLY
8:36 – 9:54 Strategy 5: Qualified Charitable Distributions (QCD's)
9:55 – 10:33 Marry A Younger Person!
10:34 – 10:53 Drop a comment below with an idea I may have missed!
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Great explanation, Eric. Great content!!
Thank you!
Great video. Thanks, Eric!
Thank you!
Hi Eric, Let’s push the envelope. Say we have everything in a Roth. No pre-tax. No Debt. Yearly income from Social Security is 20K more than you need. No taxes on Social Security at this amount, married filing joint. Not working, no income other than Social Security.
What do you do with the excess cash in retirement? Where is the best place to invest without adding any taxes to Social Security?
Thanks Eric
Eric….what if as in my situation i live with my significant but not married.As she doesn’t have much retirement savings as i we get married around RMD time for me and use the large deduction schedule scheduled
Great video! QCD will keep me in the 12% tax bracket until at least mid to late 80s.