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
Connect With Barry Watts:
- LinkedIn: J Barry Watts
- LinkedIn: SavingYouTaxes