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29. Reducing Taxes on Your IRA or 401(K) Required Minimum Distributions

How do you figure out the required minimum distributions (RMD) on your retirement accounts? What are the taxes? Can you reduce or eliminate the taxes?

In this episode, J Barry Watts and Eric Burlison look at four ways you can reduce or eliminate the taxes owed on your RMDs. Barry and Eric remind listeners of what a RMD is, and when you are expected to begin taking these withdrawals.

Barry and Eric discuss:

  • RMDs  and the basics of how withdrawals are calculated
  • The potential consequences of not making these withdrawals and why it’s important to know every detail of your taxes
  • Four ways you can reduce or eliminate the taxes owed to on an RMD
  • And more

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