Most retirees don’t realize it, but RMDs aren’t just mandatory—they can be a tax time bomb waiting to happen. Without planning, they could push you into a higher tax bracket, costing you more in taxes than expected.

Today, we break down the latest RMD rules, penalties, and tax strategies to help you keep more of your money in retirement. We also walk through a hypothetical case study featuring Paul, a 57-year-old with a $1 million IRA. We compare two scenarios for Paul at his RMD age of 75:

🔹 Scenario 1: Paul does no tax planning, allowing his IRA to grow untouched.

🔹 Scenario 2: Paul uses a Roth conversion strategy to reduce his IRA balance, aiming to lower his future RMDs.

What do you think the difference in Paul’s RMD will be at age 75? The answer might surprise you!

--

📱 Ready to take the next step? Schedule a call now at https://bit.ly/3XfnFA1 to get answers to your retirement questions.

🛠️ Get the tools you need to prepare for retirement with our complimentary toolkit: https://bit.ly/43hfZkJ

--

Loren Merkle,

CFP®️, RICP®️, Certified Financial Fiduciary®️ https://merkleretirementplanning.com/staff-members/loren-merkle/

Molly Nelson,

Host of Retiring Today with Loren Merkle https://merkleretirementplanning.com/staff-members/molly-nelson/

--

This video does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by Merkle Retirement Planning LLC, Elite Retirement Planning LLC, MRP Insurance LLC, or any other third party regardless of whether such security, product or service is referenced in this episode. Furthermore, nothing in this episode is intended to provide tax, legal, or investment advice and nothing in this episode should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. Merkle Retirement Planning, LLC does not represent that the securities, products, or services discussed in this episode are suitable for any particular investor. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation. Medicare services provided through MRP Insurance, LLC. Any and all other services related to insurance are an outside business activity and are not offered through or supervised by Elite Retirement Planning, LLC. MRP Insurance, LLC, is not affiliated with or endorsed by any government agency. This is an advertisement for insurance. By responding to the ad, you will be put in contact with a licensed insurance agent offering Medicare Advantage Plans, Medicare Supplement Plans, and Prescription Drug Plans. We do not offer every plan available in your area. Currently we represent [5] organizations which offer [22] products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all of your options.