Scott Schuett talks about required minimum distributions, a major pillar of retirement planning. Scott explains what RMSs are, the age that triggers them, the types of accounts that have RMDs, and the steep penalties for not taking RMDs on time. Scott also describes the tax implications of both taking RMDs and converting too much money to Roth IRAs at once. And Scott compares how his native Michigan handles winter weather versus his home region in Virginia.

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