After age 72, a Required Minimum Distribution (or RMD) must be withdrawn from your traditional IRAs and 401(k)s each year—whether you need it or not. Failing to take an RMD could result in a tax penalty worth up to 50% of the amount you should have taken.

Listen now and learn about seven strategies to minimize the RMD tax liability.

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.