In this episode of the Independence Wealth Podcast, Eric Nelson delves into the complexities of Required Minimum Distributions (RMDs) and their potential impact on your retirement. Discover how RMDs can unexpectedly push you into higher tax brackets, increase your Medicare premiums, and disrupt your financial plans.
Key Topics:
- Understanding RMDs and their implications under the Secure Act 2.0.
- The risks of tax bracket creep and increased Medicare premiums.
- Strategies to mitigate the impact of RMDs, including Roth conversions and Qualified Charitable Distributions (QCDs).
- The importance of early planning to maintain control over your retirement funds.
If you're in your early 60s and planning for retirement, reach out to us for personalized advice on managing RMDs and minimizing your lifetime tax bill.
#RetirementPlanning #RMDs #TaxStrategy
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Contact: https://independence-wealth.com/contact-us/
Connect with Eric:
LinkedIn: https://www.linkedin.com/in/erictnelson/
Website: https://independence-wealth.com
Email: Eric@independence-wealth.com
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