353 Understanding Required Minimum Distributions - RMD

Published: July 12, 2021, 1:13 a.m.

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In this podcast episode Jason looks at the Required Minimum distribution.\\xa0 For all of the show notes and resources mentioned in this episode visit SoundRetirementPlanning.com

  • What is the RMD
  • What is the RBD
  • What is the penalty for missing the RMD
  • What types of accounts have an RMD
  • When do you have to take the first RMD and subsequent RMD's
  • How have the RMD rules changed recently
  • How do you calculate the RMD
  • When do people take their RMD's
  • We explore the three different distribution tables the IRS has for calculating your RMD and which one you will need to use
  • We will look at how the RMD changes over time
  • Why the RMD will be decreasing starting in 2022
  • How might the RMD change again
  • What are after tax contributions to an IRA and how are RMD's impacted?
  • How to avoid paying taxes on your RMD
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