Required Minimum Distributions in Retirement - Monthly, Quarterly, or Annually?

Secure Your Retirement

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the best time to take Required Minimum Distributions. Having a retirement plan and your personal preference will help you determine whether to take RMDs monthly, quarterly, or annually.

Listen in to learn the advantages and disadvantages of taking required minimum distributions monthly, quarterly, or annually. You will also learn how the three-bucket strategy income safety and growth buckets can work together to your advantage.

In this episode, find out:

• Required Minimum Distributions – the amount you’re required to take out of your tax-deferred accounts.
• The importance of understanding when you have to start taking your RMDs to develop a withdrawal strategy earlier.
• Understanding how to utilize Roth IRAs as a tax-free bucket for retirement planning.
• The categories of investment accounts are subject to required minimum distributions and when to take them.
• The potential advantages and disadvantages of taking required minimum distributions monthly.
• The three-bucket strategy – how the income safety and growth buckets work together to your advantage.
• The potential advantages and disadvantages of taking required minimum distributions quarterly.
• The potential advantages and disadvantages of taking required minimum distributions annually.
• Questions to ask to determine your personal preference of taking RMDs monthly, quarterly, or annually.

Tweetable Quotes:

• “Understanding when you have to start taking those required minimum distributions is going to be key to developing a plan and a strategy around them.”- Murs Tariq
• “Required Minimum Distributions (RMDs) are based out of the totality of your IRAs, but you do not have to take it out of each account.”- Radon Stancil

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.