In this conversation, Chris Longworth, the Money Professor, discusses the implications of Required Minimum Distributions (RMDs) and taxes in retirement. He emphasizes the importance of understanding tax strategies, including Roth conversions, to minimize tax liabilities. The discussion also covers the impact of RMDs on Medicare premiums, the significance of tax categories, and the psychology of money. Chris provides insights into inflation protection strategies and the benefits of laddering income for retirement. Additionally, he addresses special needs trusts and the importance of planning for heirs. The conversation concludes with a call to action for listeners to take control of their financial future. Call The Money Professor at 800-719-7917. Or click here: The Financial Education Group.
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