5 Things You Need to Know About Required Minimum Distributions (RMDs) When Planning for Retirement

Work with me: https://cravitzfinancial.com/get-star... Most people don’t start thinking about Required Minimum Distributions (RMDs) until they start nearing those milestone ages, but you should start incorporating strategies into your planning further out to give yourself the best chance to maximize those withdrawals. In this video, Ryan outlines five crucial things you need to know about RMDs, including when you need to take them, how to calculate them, and strategies to reduce them for tax efficiency. These five things will help give you a better understanding of RMDs and the role they play in building an income plan, which will also help you be more efficient in retirement. Whether you're nearing retirement or planning ahead, this episode is packed with valuable insights to help you better manage your retirement income and avoid common pitfalls. Here’s what we discuss in this episode: 0:00 – Intro 1:46 – When do you have to take your first RMD? 5:00 – Calculating RMDs 7:39 – Can RMDs be aggregated? 11:16 – Why reduce RMDs? 15:06 – Strategies to reduce your RMDs CONTACT ☎️ Website: https://CravitzFinancial.com/ Phone: 714-462-9155 Email: [email protected]