Understanding RMDs: Guide For Retirees & The Soon-to-Retire

Are you over 55 and pondering retirement? Dive into the world of Required Minimum Distributions (RMDs) with us. In this episode, we demystify the reasons behind mandatory withdrawals from your retirement savings.

Discover strategies to potentially avoid them and understand the risks of not preparing in advance. And for those fortunate to not rely on RMDs for income, we’ll explore impactful ways to utilize those funds. We see people get caught off-guard by RMDs and the tax impact they have on retirement, so getting a jump on planning can go a long way.

Here are some key topics to listen for in this episode:

  • Why do we have to take RMDs in the first place?
  • There are a couple of ways to avoid RMDs.
  • Mike shares some examples of how he helps people plan around RMDs.
  • Learn about some of the risks you face by not planning in advance.
  • What options do you have for the money if you don’t need it immediately for income?


If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.

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