RMD Strategy Explained

The best retirement plan is a Roth. If it dosent have the word Roth in the title it is pure poison. MAX out your Roth and put all excess money in a taxable account which you can use at any time before you are 591/2, IRA and 401K are a tax trap to feed the government.

You guys are so clear and easy to understand in your explanations. Thank you for this channel! A couple of questions: Does "Uniform" mean this table applies to disabled owners of Inherited Traditional IRA's? And when do disabled owners of those have to start taking RMD's, does it depend on their age? I know they don't have to disburse the entire IRA within 10 years, but does that kick in when they reach "full retirement age" under the IRS charts based on their birthdates?

There are at least as many singles at age 65 as marrieds. These annuities are set up only for marrieds. Glad I've converted most of my IRA to a Roth, now that I'm nearly 72.

Fantastic video Hans - super informative , thank you !

Don’t annuities lose value against inflation?

If you had taken out an annuity or long term care from your IRA are they included your balance in calculating your RMD?

You guys do a nice job.

I may do annuities now..why not. I have an understanding atleast now. Before didn't have a clue. Thank you.

Hi friend… You are adorable. Thank you for the dry erase board.

Which age does
person born 08/03/1955 must take the first RMD?Thanks

Qcd sounds good 😊

Is there a dollar amount where doing nothing starts getting dangerous/expensive for RMD's ?

I don't think the do nothing strategy is that bad. Roth conversion also means paying tax and paying more for medicare. The best time for Roth conversion is when you're younger than 65 and do it gradually. Having to take RMD is not that bad, you just deposit that in a taxable account. Giving away your life savings to charities is probably the worst strategy unless your main goal is to minimize taxes.

Could I convert 10,000 a year to Roth without paying taxes up to age 73, assuming only 24,000/yr S/S?

Hi. Wasn’t able to locate the 2024 Tax Planning cheat sheet mentioned in your video. Is there a link available?

I will be retiring when I am almost 72. Most of my savings are in Rollover IRA. It is too late for Roth conversion. I will pay the 22% marginal tax on the RMD instead of losing sleep over it. Peace of mind is more important.