5 Strategies to Take Control of Your Required Minimum Distributions (RMDs)
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Required Minimum Distributions (RMDs) begin at age 73 for most retirement savers. These forced withdrawals can be a burden for those who don’t need (or want) the taxable income. Since they are “required,” many assume that they do NOT have any control over their RMDs. But that’s not necessarily the case! In fact, one of the 5 strategies I’m sharing with you today allows you to delay unwanted (mandatory) distributions well past age 73. Applying these strategies and gaining control of your RMDs can potentially help you: Lower lifetime taxes, reduce catastrophic risks, and improve risk-adjusted investment returns. It doesn’t matter if you’re still working or already taking RMDs—if you want to optimize your long-term plan, you’ll enjoy today’s episode.