Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching What Should You Do With an Excess Required Minimum Distribution (RMD). and this video is uploaded by Safeguard Wealth Management at 2022-02-07T11:00:14-08:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [iKNnk2GecSg]
| Name | What Should You Do With an Excess Required Minimum Distribution (RMD) |
| Video Uploader | Video From Safeguard Wealth Management |
| Upload Date | This Video Uploaded At 07-02-2022 19:00:14 |
| Video Discription | Do you have a tax-efficient retirement income strategy that minimizes RMDs (Required Minimum Distributions)? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact. For various reasons, it is not uncommon for a retiree to find themself with an excess RMD - a required minimum distribution greater than their income need. Any time this happens, we enter tax-inefficiency territory. Ideally, we want to avoid this. But sometimes due to increasing RMDs, it's difficult to avoid this predicament. So what can we do with an RMD that we don't need? Luckily, there are a number of strategies you can use to either improve your retirement or lifestyle with an excess RMD. In this video, we cover four common strategies. These include: ✅ Avoid future RMDs with an 'RMD Roth Conversion' ✅ Use Charitable Planning and a Qualified Charitable Distribution (QCD) to remove the RMD from your tax return ✅ Invest the Excess RMD ✅ Use the RMD to pass on more than money Watch this video to learn more. In this video, we reference a few important trainings on building a more tax-efficient taxable account investing strategy. Here are links to those videos: 🎥 5 Taxable Account Rules for Tax-Efficient Investing - https://youtu.be/4nkOLvAMzCo 🎥 Avoiding Dividend Tax Drag - https://youtu.be/O2RgyQvODC8 🎥 Avoiding Turnover Tax Drag - https://youtu.be/pjpxjg0zDqE #RMD #MinimizeRMDs - - - - - - - - - - - - - - - - - Always remember, "You Don't Need More Money; You Need a Better Plan" 🍿 Subscribe to our channel: https://www.youtube.com/channel/UCVMA... 🏆 Join our 'Retirement Mastery' Facebook Group: https://bit.ly/retirement-mastery-group 📈 Talk with us about your retirement plan here: https://www.safeguardinvest.com/contact 📚 The New 60/40: How the Next Generation of Retirees Can Achieve Radical Financial Freedom through Better Safe Investing - https://www.amazon.com/New-60-Generation-Financial-Investing/dp/B08H6TCMFN Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduciary [iKNnk2GecSg] |
| Category | Education |
| Tags | rmd | required minimum distribution ira | required minimum distribution | required minimum distributions | excess rmd | minimize rmd | avoid rmd | ira required minimum distribution | minimize rmds | avoiding rmds | avoid rmds | eliminating rmds | increasing rmd | qualified charitable distribution | qcd | qualified charitable distributions | tax deferred | qcd tax benefits | rmd roth conversion | roth conversion | charitable planning | avoid tax penalties | 401k rmd | rmd taxes | rmd tables | rmds |
