Ep 42: Is There a Best Time to Take Your RMD?

May 8

As you go along in retirement, there will come a point where you will have to take your RMD (Required Minimum Distribution) from your retirement accounts. Many people wonder if there is a "best" time to take these within the year. We will be discussing this question and some thoughts surrounding RMD strategies.

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In this episode:

[1:58] What are the basics of RMDs?

[4:33] If you delay your first RMD you need to consider tax consequences

[6:51] How should you take the RMD? Monthly, quarterly, or lump sum?

[8:07] Time your RMD and consider tax needs

[9:48] Consider how you will need to use your RMD for the year

[11:22] How do you know your RMD amount?

Nicolas Davis