Preparing for required minimum distributions (RMDs) can be quite unsettling when you know withdrawals are coming and the IRS will be waiting. In this episode of the Money Wisdom podcast, we're going to answer a question about what you can do from a planning standpoint when large RMDs are coming in retirement.

This situation highlights a common issue: retirees often find themselves in higher tax brackets due to large mandatory withdrawals, reducing their financial flexibility. So what are the strategies you can utilize to manage your tax requirements?

Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP will take you through some of the strategies today.

Here's what we discuss in this episode:

0:00 – Today's question

1:05 – What to know about RMDs

4:13 – Income planning

8:49 – Tax planning

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