Episode 38: "Everything You Needed to Know About RMDs Part 2: Strategies for Optimizing Your Withdrawals

RMDs (Required Minimum Distributions) are an important but often overlooked aspect of retirement planning. They represent the minimum amount you must withdraw annually from your retirement accounts starting at age 73 (as of now). While the concept seems simple, the execution can be complex.  In today's episode, retirement planning experts Tom Mosley and Kristin Oakley continue their in-depth exploration of RMDs. They’ll guide you through various strategies to optimize your distributions, ensuring you make the most of your retirement savings.  Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇 TIMESTAMPS 00:00 Everything You Want to Know About RMDs – Part 2 01:30 RMD – 10 Strategies to take Distributions: Recap from last week on #1 & #2 03:00 #3 How to use a QCD (Qualified Charitable Distribution) 09:00 #4 Strategizing Your Withdrawals 14:28 #5 Consider How Your Withdrawals Will Affect Your Tax Bracket, Irma, and Capital Gains 17:30 #6 Consider Spousal Withdrawals 20:52 #7 Use RMDs to Rebalance Your Portfolio 23:30 #8 Doing a ROTH Conversion Before You Hit RMD age 39:40 #9 Using RMD to secure an annuity 43:50 #10 Using RMD to secure a Cash Value Life Insurance/Indexed Universal Life  Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/  ============================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 ==============================================   ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management   Learn the key components you need to include in your retirement plan, Check this video out: https://youtu.be/QkJzvbZ_gDs   #RMDWithdrawalStrategy #RMDs #RequiredMinimumDistribtuionsExplained #RetirementIncome #RetirementPlanning #RetirementStrategy #FinancialEducation #FinancialLiteracy #HowToRetireEarly #RetirementPlanningAt50 #RetirementPlanningAt60 #HowMuchDoINeedToRetire #HowToRetireEarly #RetirementPlanningTips #FinancialAdvisor #SocialSecurity  DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources,...