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According to Plan: RMD Rundown - Withdraw Wisely
In this episode of Amplified Wealth: According to Plan, Kate and Tom get “back to basics” with a topic that impacts millions of retirees: Required Minimum Distributions (RMDs).
Whether you're approaching RMD age or just want to be prepared, we cover:
• The latest Secure Act 2.0 updates
• How to calculate your RMD
• Aggregation rules for multiple IRAs, 401(k)s, and inherited accounts
• When it might make sense to delay (or not)
• Charitable giving strategies like QCDs
• Tax impact, planning tips, and penalty pitfalls
Timestamps
00:00 | Intro – Fall Foliage Lesson, RMDs and Why They Matter
03:48 | What Is a Required Minimum Distribution?
07:40 | Tax-Deferred Growth and the IRS “Deal”
08:30 | Secure Act 1.0 and 2.0 – RMD Age Timeline
12:25 | Required Beginning Date – April 1 Rules
17:00 | How RMDs Are Calculated (Divisors, Tables, and More)
24:30 | Penalties for Missing Your RMD
26:35 | Aggregation Rules – IRAs, 401(k)s, Inherited Accounts
31:37 | Roth IRAs and Roth 401(k)s – RMD Exemptions
36:00 | Tax Withholding & Avoiding Surprises
38:30 | Impact on AGI, IRMAA, Social Security Taxation
40:22 | Qualified Charitable Distributions (QCDs)
43:03 | Taking RMDs In-Kind
48:04 | Timing & Coordination with Roth Conversions
51:06 | Still Working? RMD Exceptions for 401(k)s
53:30 | Final Thoughts and Key Takeaways
Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.
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By Amplified WealthIn this episode of Amplified Wealth: According to Plan, Kate and Tom get “back to basics” with a topic that impacts millions of retirees: Required Minimum Distributions (RMDs).
Whether you're approaching RMD age or just want to be prepared, we cover:
• The latest Secure Act 2.0 updates
• How to calculate your RMD
• Aggregation rules for multiple IRAs, 401(k)s, and inherited accounts
• When it might make sense to delay (or not)
• Charitable giving strategies like QCDs
• Tax impact, planning tips, and penalty pitfalls
Timestamps
00:00 | Intro – Fall Foliage Lesson, RMDs and Why They Matter
03:48 | What Is a Required Minimum Distribution?
07:40 | Tax-Deferred Growth and the IRS “Deal”
08:30 | Secure Act 1.0 and 2.0 – RMD Age Timeline
12:25 | Required Beginning Date – April 1 Rules
17:00 | How RMDs Are Calculated (Divisors, Tables, and More)
24:30 | Penalties for Missing Your RMD
26:35 | Aggregation Rules – IRAs, 401(k)s, Inherited Accounts
31:37 | Roth IRAs and Roth 401(k)s – RMD Exemptions
36:00 | Tax Withholding & Avoiding Surprises
38:30 | Impact on AGI, IRMAA, Social Security Taxation
40:22 | Qualified Charitable Distributions (QCDs)
43:03 | Taking RMDs In-Kind
48:04 | Timing & Coordination with Roth Conversions
51:06 | Still Working? RMD Exceptions for 401(k)s
53:30 | Final Thoughts and Key Takeaways
Nothing contained in this presentation should be construed as personalized advice, or solicitation to buy or sell any securities. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the future performance of any specific investment or non-investment related content in this Podcast will be profitable or suitable for your individual situation. Due to changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions. The opinions expressed in this podcast are those of the participants and may not reflect those of the firm. To the extent you have any questions regarding the applicability of anything discussed to your individual situation, you are encouraged to consult with the professional advisor of your choosing. The firm is neither a law firm, nor a certified public accounting firm, and no portion of this content should be construed as legal or accounting advice.