In this video, Colin Exelby, CFP® explains the most common RMD mistake 84% of people might be making—taking only the minimum withdrawal—why it's happening, and how it could quietly cost you thousands in taxes and missed opportunities.
You'll learn how RMDs are calculated, the tax implications of growing account balances, and when it might make sense to take more than the minimum. We also cover tax-efficient strategies like Roth conversions and reinvesting in non-retirement accounts, plus how to avoid IRMAA surcharges and leaving a smarter legacy for your heirs.
Whether you're nearing retirement or already there, this video will help you take control of your distribution plan, optimize for tax efficiency, and make the most of your retirement years.
#RMDMistake #RetirementPlanning #TaxStrategy #RothConversion #RetirementTaxes #FinancialFreedom #SmartWithdrawals #ColinExelby #MoneyTips #IRMAA
Roth IRA Conversion Pros and Cons in 2025👇
https://www.youtube.com/watch?v=cF5FeFUaPWU&t=247s
Roth IRA: The Two 5-Year Rules You NEED to Know (Don't Lose Your Money!)👇https://www.youtube.com/watch?v=ax_ygGrmQWE&t=95s
Outstanding Personal Finance Tools👇
Budgeting...👇
★☆★ Rocket Money (originally called as TrueBill) ★☆★
https://rocketmoney.sjv.io/CelestialWM
Wealth Management...👇
★☆★Personal Capital ★☆★👇
https://personalcapital.sjv.io/CelestialWM
Bookkeeping...👇
★☆★Gusto Bookkeeping★☆★👇
https://gusto.pxf.io/CelestialWM
[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy
➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️
Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!
Top Financial Advisor Baltimore. Top Financial Planner Maryland.
Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.
Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.
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