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Episode 122: "RMDs - How to Avoid Common RMD Mistakes"
Building up your retirement savings takes decades of hard
work, but one misstep with Required Minimum Distributions (RMDs) can lead to massive penalties. In todayโs show, retirement expert Tom Mosley explains RMDs and shares the top RMD mistakes people make. He also provides crucial tips on how to avoid them so you can protect your savings from costly errors and
unnecessary taxes.
Jump to a segment using the ๐๐ถ๐บ๐ฒ๐๐๐ฎ๐บ๐ฝ๐
๐ฏ๐ฒ๐น๐ผ๐! ๐
TIMESTAMPS
00:00 RMDs: How to Avoid Common RMD Mistakes
00:28 RMDs Explained
02:30 Missing the RMD Deadline
04:53 Not Calculating the Correct Amount
06:00 Taking RMDs from the Wrong Account
07:52 Not Using RMDs Strategically in Tax Planning
10:59 Forgetting to Take RMDs After a Spouseโs Death
13:22 Overlooking the โStill Working: Exception"
15:04 Not Using RMDs for Charitable Contributions (QCDs)
16:29 How to Make Sense of RMDs & Secure Help
Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here ๐
https://mosleywealthmanagement.com/contact/
===========================================
If you enjoy this content, please ๐๐๐๐๐๐๐๐๐!
https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1
===========================================
ย โญ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐โญ
- Facebook: https://www.facebook.com/mosleyeaseintoretirement
- Instagram: https://www.instagram.com/easeintoretirement/
- LinkedIn: https://www.linkedin.com/company/mosley-wealth-management
ย
Learn the key components you need to include in your retirement plan: Check this video out: https://youtu.be/QkJzvbZ_gDs
ย
#RequiredMinimumDistributions
#RMDs
#RMDPenalty
#RMDMistakes
#RetirementIncome
#RetirementPlanning
#RetirementStrategy
#FinancialEducation
#FinancialLiteracy
#HowToRetireEarly
#RetirementPlanningAt50
#RetirementPlanningAt60
#HowMuchDoINeedToRetire
#HowToRetireEarly
#RetirementPlanningTips
#FinancialAdvisor
#SocialSecurity
ย
DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth
Management, Inc. (โMWMโ). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766
ย Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US
government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but
accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.
View all episodes
By Tom MosleyBuilding up your retirement savings takes decades of hard
work, but one misstep with Required Minimum Distributions (RMDs) can lead to massive penalties. In todayโs show, retirement expert Tom Mosley explains RMDs and shares the top RMD mistakes people make. He also provides crucial tips on how to avoid them so you can protect your savings from costly errors and
unnecessary taxes.
Jump to a segment using the ๐๐ถ๐บ๐ฒ๐๐๐ฎ๐บ๐ฝ๐
๐ฏ๐ฒ๐น๐ผ๐! ๐
TIMESTAMPS
00:00 RMDs: How to Avoid Common RMD Mistakes
00:28 RMDs Explained
02:30 Missing the RMD Deadline
04:53 Not Calculating the Correct Amount
06:00 Taking RMDs from the Wrong Account
07:52 Not Using RMDs Strategically in Tax Planning
10:59 Forgetting to Take RMDs After a Spouseโs Death
13:22 Overlooking the โStill Working: Exception"
15:04 Not Using RMDs for Charitable Contributions (QCDs)
16:29 How to Make Sense of RMDs & Secure Help
Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here ๐
https://mosleywealthmanagement.com/contact/
===========================================
If you enjoy this content, please ๐๐๐๐๐๐๐๐๐!
https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1
===========================================
ย โญ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐โญ
- Facebook: https://www.facebook.com/mosleyeaseintoretirement
- Instagram: https://www.instagram.com/easeintoretirement/
- LinkedIn: https://www.linkedin.com/company/mosley-wealth-management
ย
Learn the key components you need to include in your retirement plan: Check this video out: https://youtu.be/QkJzvbZ_gDs
ย
#RequiredMinimumDistributions
#RMDs
#RMDPenalty
#RMDMistakes
#RetirementIncome
#RetirementPlanning
#RetirementStrategy
#FinancialEducation
#FinancialLiteracy
#HowToRetireEarly
#RetirementPlanningAt50
#RetirementPlanningAt60
#HowMuchDoINeedToRetire
#HowToRetireEarly
#RetirementPlanningTips
#FinancialAdvisor
#SocialSecurity
ย
DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth
Management, Inc. (โMWMโ). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766
ย Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US
government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but
accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.