Understanding RMDs: A Guide For Retirees & The Soon-to-Retire

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. 

Listen in as we discuss strategies to potentially avoid them and understand the risks of not preparing for them in advance. And for those fortunate to not rely on RMDs for income, we'll explore impactful ways to utilize those funds.

Join us as we explore the ins and outs of RMDs, their recent changes, and the smart strategies you can employ to ensure you keep more of your hard-earned money!

Here’s some of what we discuss in this episode:

• What are Required Minimum Distributions (RMDs) and why do they exist?
• Can RMDs be avoided?
• Not planning for RMDs can lead to unexpected tax hits, especially if they push you into higher tax brackets or affect your Social Security taxation
• What can you do with RMDs if you don't need the money for income?

Contact:

Website: http://bradshawfp.com 

Email: [email protected]

Call: 704-216-2260