7 Ways to Reduce your Required Minimum Distributions (RMDs)
152.6 هزار بار بازدید -
12 ماه پیش
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The IRS mandates distributions from
The IRS mandates distributions from retirement accounts as individuals reach a certain age, which can result in higher tax payments.
💡However, there are strategies to minimize the impact of these required minimum distributions (RMDs) and save on taxes. Here are seven strategies to reduce your RMDs and optimize your tax situation:
👉 Roth Conversions
👉 Delay Social Security Benefits
👉 Qualified Charitable Distributions (QCD)
👉 Continue Working
👉 Utilize Joint Life Expectancy Tables
👉 Optimize Asset Location
👉 Plan for Tax Implications on Heirs
Reducing RMDs and optimizing taxes requires careful planning aligned with your life plan and financial objectives. Work with a financial planner and implement these strategies to minimize the impact of RMDs and maximize the value of your retirement savings.
Learn the tips & strategies to get the most out of life with your money.
Get started today → https://www.rootfinancialpartners.com/
Subscribe to be notified for future videos: @rootfp
_ _
For more resources and content, check us out below!
🔔Subscribe to our channel to learn more about all things portfolio management @rootfp
🎧 Listen to our podcast https://readyforretirement.buzzsprout...
🧑💻 Visit our website https://www.rootfinancialpartners.com to learn more about us
👥 Connect with us on Facebook Facebook: rootfinancialpartners
📷 Connect with us on Instagram Instagram: rootfinancialpartners
🔗 Follow us on LinkedIn LinkedIn: 18347030
_ _
⏱ Timestamps ⏱
0:00 Intro
1:12 Understand this first
4:09 Roth conversions
6:51 Delay social security
8:23 Qualified Charitable Distributions (QCD)
11:19 Continue Working
12:14 Utilize Joint Life Expectancy Tables
13:28 Optimize Asset Location
15:20 Plan for Tax Implications on Heirs
17:39 Outro
Other videos we think you'll like:
About Root: Financial advisors with heart.
Worried about retirement? Start here: Worried About Retirement..Start With ...
💡However, there are strategies to minimize the impact of these required minimum distributions (RMDs) and save on taxes. Here are seven strategies to reduce your RMDs and optimize your tax situation:
👉 Roth Conversions
👉 Delay Social Security Benefits
👉 Qualified Charitable Distributions (QCD)
👉 Continue Working
👉 Utilize Joint Life Expectancy Tables
👉 Optimize Asset Location
👉 Plan for Tax Implications on Heirs
Reducing RMDs and optimizing taxes requires careful planning aligned with your life plan and financial objectives. Work with a financial planner and implement these strategies to minimize the impact of RMDs and maximize the value of your retirement savings.
Learn the tips & strategies to get the most out of life with your money.
Get started today → https://www.rootfinancialpartners.com/
Subscribe to be notified for future videos: @rootfp
_ _
For more resources and content, check us out below!
🔔Subscribe to our channel to learn more about all things portfolio management @rootfp
🎧 Listen to our podcast https://readyforretirement.buzzsprout...
🧑💻 Visit our website https://www.rootfinancialpartners.com to learn more about us
👥 Connect with us on Facebook Facebook: rootfinancialpartners
📷 Connect with us on Instagram Instagram: rootfinancialpartners
🔗 Follow us on LinkedIn LinkedIn: 18347030
_ _
⏱ Timestamps ⏱
0:00 Intro
1:12 Understand this first
4:09 Roth conversions
6:51 Delay social security
8:23 Qualified Charitable Distributions (QCD)
11:19 Continue Working
12:14 Utilize Joint Life Expectancy Tables
13:28 Optimize Asset Location
15:20 Plan for Tax Implications on Heirs
17:39 Outro
Other videos we think you'll like:
About Root: Financial advisors with heart.
Worried about retirement? Start here: Worried About Retirement..Start With ...
12 ماه پیش
در تاریخ 1402/04/24 منتشر شده
است.
152,619
بـار بازدید شده