We have all heard the saying, the only thing guaranteed is to die and pay taxes. The other one I like to add is that we will all get to a point where “we want” to retire. Many don’t put much thought into their retirement plan, but with so many rules, that comes at a cost. In today’s episode, I want to cover one of those costs that you could be hit with and may not know exists. The good part is, there is something you can do about it. Today, I want to put your mind at ease as we cover RMDs and ensure they don’t derail your retirement plan.

Article Referenced:https://www.cnbc.com/2023/01/03/3-changes-in-secure-2point0-for-required-minimum-distributions.html

IRS Help-Guide: https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-required-minimum-distributions

Buy Your Financial Mirror Gear: https://www.thefinancialmirror.org/shop 

YouTube: https://www.youtube.com/@thefinancialmirror

Facebook: https://www.facebook.com/thefinancialmirr0r

Twitter: https://twitter.com/financialmirr0r

Instagram: https://www.instagram.com/thefinancialmirror/

Podcast: https://thefinancialmirror.podbean.com/

If you are in need of a Financial Coach, don’t waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at https://www.thefinancialmirror.org/