On this week’s episode of The Secure Retirement Podcast, we approach the end of our Florida Retirement System series. The information in this episode will be valuable to our viewers nationally, even if you are not a member of the Florida Retirement System, as these laws apply across the country. We address the universal Required Minimum Distributions and offer ways to prepare for them so you aren’t caught by surprise. 

John says, “No matter what type of retirement account you have, the day will come when you have to start taking money. And that's called a required minimum distribution.”

We discuss the recent changes with the Secure Act, as well as: 

• Tax codes on various accounts 
• Penalties for not taking funds when you’re supposed to
• Verifying your beneficiaries
• Which account types are subject to RMDs
• When and why congress amended RMD laws 
• And more