RMDs: The IRS Wants Its Cut - What You Need to Know

In addition to taxes (and, unfortunately, death), one constant for people nearing or in retirement is required minimum distributions (RMDs). Recent legislative changes from the SECURE Acts affect both the age at which you’re required to start taking RMDs, and how those RMDs are handled when a retirement account is passed down to heirs.
In this episode of Capital Conversations, CERTIFIED FINANCIAL PLANNER™ Professional Colin Day and Accredited Investment Fiduciary® John Biedenstein discuss the recent changes to RMD laws, strategies to maximize your growth from inherited retirement accounts, and how you can work together with your financial advisor and tax preparer to limit your tax liability.
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*Legal Disclaimer: The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Correct Capital Wealth Management is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Correct Capital Wealth Management and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Correct Capital Wealth Management unless a client service agreement is in place.