Everything You Need to Know About RMDs (Required Minimum Distributions)

Required Minimum Distributions work differently depending on the type of account. How can you most effectively plan for them? Today we're talking through everything you need to know about RMDs so you can understand their nuances and create a plan to best address them. Questions Answered: At what age do you need to take an RMD? What accounts do you have to take an RMD on? Timestamps: 0:00 Intro 2:59 At what age do you need to take out an RMD? 4:19 How much is the RMD going to be? 7:40 What accounts do you have to take an RMD on? 9:25 Basic rules 11:26 Spouse and non-spouse inherited IRAs 16:11 Extra benefit 20:07 Exceptions to the rules 23:54 Keep this in mind 25:55 Example 32:26 Outro Create Your Custom Strategy ⬇️ Get Started Here. Join the new Root Collective HERE!