Between Life and Money: Finding Balance

Why RMD Rules Matter in Retirement Planning (Ep. 17)

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Are you ready to handle the complexities of Required Minimum Distributions (RMDs) in your retirement plan?

In this episode, host Jeff Panik, CFP®, MSFS, CRPS breaks down the latest RMD regulations, tax implications, and effective strategies for managing these distributions on the latest episode of ‘Between Life and Money: Finding Balance.’ This episode is essential for anyone nearing retirement or looking to refine their retirement strategy.

Key Highlights:

  • RMD Regulations: Understand the evolving age requirements and regulations for RMDs, including recent changes
  • Calculation Methods: Learn how to calculate your RMDs accurately using life expectancy tables and account values
  • Charitable Contributions: Discover how Qualified Charitable Distributions (QCDs) can satisfy RMD requirements while benefiting charities
  • Tax Implications: Explore the tax consequences of RMDs and strategies to minimize your tax liabilities
  • Inherited IRAs: Understand the specific RMD rules for inherited IRAs, including differences for various beneficiaries
  • Roth Conversions: Learn about the advantages of converting pre-tax accounts to Roth IRAs before reaching RMD age
  • Strategic Planning: Get tips on effective RMD planning to balance income needs and tax burdens, ensuring a smooth transition into retirement
  • And much more!

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    Connect with Jeff Panik:

    • LinkedIn: Jeff Panik, CFP®, MSFS, CRPS 
    • Website: BalanceWealthPartners.com
    • Book: Your Future Is Now
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      Between Life and Money: Finding BalanceBy Jeffrey Panik