Many retirees want to let their savings continue to grow untouched, but the IRS has other plans. In this video, we explain how Required Minimum Distributions (RMDs) work, why they can create unwanted tax bills, and how thoughtful planning can help you reduce or even avoid them through Roth strategies.
- 00:10Introduction to retirement account withdrawals
- 00:27IRS claim on tax-deferred accounts
- 00:45RMD requirement at age 72
- 01:08Initial withdrawal percentage requirements
- 01:24Age-based percentage increases
- 01:34Roth accounts as RMD alternative
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