))
How Required Minimum Distributions and QCDs Work?
Manage episode 330788596 series 2810299
Secure Your Retirement에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Secure Your Retirement 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
When it comes to taking your money out of your IRAs and 401ks after retirement age, you might need to understand the terms RMDs and QCDs.
At age 72, you’re required to start taking distributions out of your 401k and IRAs with a formula based on your life expectancy. The key here is to be tax-efficient or even go tax-free in any way you can without breaking the law.
In this episode of the Secure Your Retirement podcast, we take you through the Required Minimum Distributions and Quality Charitable Distributions. Listen in to learn how to save on tax by taking your money out of an IRA/401k and doing a Roth conversion if you’re 65 and retired.
In this episode, find out:
- The formula to calculate your distributions which you’re required to start taking based on your life expectancy.
- Taking out your RMDs in the year you turn 72 and the consequences of deferring your first RMD.
- Understand that you can withhold tax for RMDs plus the frequency in which you take your RMDs.
- Understanding how any pre tax asset that is subject to RMDs is calculated.
- Why take money out of your IRA/401k and do a Roth conversion if you’re 65 and retired to save on tax.
- Where to take the RMD money from when you have several IRAs and 401ks.
- Quality Charitable Distributions (QCDs) – qualifying to take your IRA money tax-free at age 70 and a half.
- How to avoid paying tax or doing it efficiently on your RMD through the QCD strategy.
Tweetable Quotes:
- “At age 72, you’re required to start taking distributions out of your 401k” - Radon Stancil
- “It’s perfectly legal to defer your first and only RMD, after that, it must be all completed by 12/31 of the calendar year.”- Murs Tariq
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
262 에피소드
공유
