DiscoverWhite Coat Investor PodcastWCI #205: Understanding Required Minimum Distributions
WCI #205: Understanding Required Minimum Distributions

WCI #205: Understanding Required Minimum Distributions

Update: 2021-04-08


A lot of people have this fear of required minimum distributions. Understanding how RMDs work is important but you don't need to fear the future taxes. See this post for more information One listener was concerned that they would end up losing money in retirement because not enough time and effort was spent in planning strategically for RMDs. In this episode we dive into everything you need to know about required minimum distributions: how they are calculated, what the minimum is, tax implications, and tax mitigation strategies. If you have any fears about RMDs, this episode will help alleviate them.

For those of you who are not laying awake at night worrying about RMDs, we also answer listener questions about what to do with old retirement accounts, backdoor Roth IRAs, naming beneficiaries for 529 accounts, bond tents, how risky hobbies will affect your insurance, and indexed universal life insurance.

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WCI #205: Understanding Required Minimum Distributions

WCI #205: Understanding Required Minimum Distributions

Dr. Jim Dahle of the White Coat Investor