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| Name | 5 COSTLY Required Minimum Distribution Mistakes To Avoid! |
| Video Uploader | Video From Drew Blackston, CRC® |
| Upload Date | This Video Uploaded At 16-10-2023 21:00:06 |
| Video Discription | 🚀 COSTLY Required Minimum Distribution Mistakes to AVOID! 🚀 Are you approaching retirement or already enjoying your golden years? If so, understanding Required Minimum Distributions (RMDs) is crucial for managing your retirement accounts effectively. 💼💰 📌 What are Required Minimum Distributions? RMDs are mandatory withdrawals that retirees must take from their tax-advantaged retirement accounts like IRAs and 401(k)s, typically starting at age 72 (or earlier in some cases). ❌ Mistakes to AVOID: 1️⃣ Procrastination: Missing the RMD deadline can result in hefty penalties, so mark your calendar! 2️⃣ Incorrect Calculations: Ensure you calculate your RMD accurately based on IRS guidelines or consult a financial advisor. 3️⃣ Wrong Account Selection: RMDs must be taken from each applicable retirement account, so don't mix them up. 4️⃣ Neglecting Inherited Accounts: Beneficiaries of inherited retirement accounts have RMD obligations too. 5️⃣ Forgetting Tax Implications: RMDs are generally taxable income, so plan accordingly to avoid surprises. 🤝 What to DO: 1️⃣ Stay Informed: Keep up with IRS rules and deadlines for RMDs. 2️⃣ Consult an Expert: Reach out to a financial advisor for personalized guidance. 3️⃣ Automate RMDs: Set up automatic withdrawals to ensure compliance. 4️⃣ Consider Charitable Giving: Qualified charitable distributions can satisfy your RMD and benefit your favorite causes. 5️⃣ Review Your Strategy: Regularly assess your retirement plan and adjust as needed. Remember, proper RMD management is vital for a comfortable and secure retirement. Don't let costly mistakes derail your financial future! 🌟 **Free Retirement Download: The Checklist to Retirement:** 📊 https://pearlwealthgroup.com/ **To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: https://pearlwealthgroup.com/contact/** ☎️ **Enroll In Our Course: Can I Retire: A Foundation To Your Retirement Journey: https://drew-s-site-958e.thinkific.com/courses/Can-I-Retire ** 🖥️ Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for "retirement planning at 30", "retirement planning at 40", "retirement planning at 50", or even "retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement. Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called "Your Financial EKG™." What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50's, You Financial EKG™ is a great tool to help you understand where you are retirement planning. Retirement planning and retirement income strategies shouldn't be complicated. They should just be done right. Click Here For More Retirement Planning Videos: https://bit.ly/3wH3mgb 🙌 **Ready to get your personalized Financial & Retirement EKG: https://pearlwealthgroup.com/ **🚀 **Visit our Website: https://pearlwealthgroup.com/ ** 🖥 **Connect with us on Facebook: https://www.facebook.com/PearlWealthGroup/ ** 👍 **Follow and Connect with Drew on Linkedin: https://www.linkedin.com/in/drewblackston/ 🙌 **More Retirement Information Here: https://pearlwealthgroup.com/blog/ ** 🧐 **Meet Your Retirement Planning Team: https://pearlwealthgroup.com/about/ ** 😎 **Worried That Your Retirement Strategy Is Missing Something: https://pearlwealthgroup.com/services/ ** 🤔 ❌ **Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.** ❌ Pearl Wealth Group Drew Blackston, CRC® & RFC® Office: 813-807-5060 Info@pearlwealthgroup.com https://pearlwealthgroup.com/ Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement! #retirementplanning #retirement #financialfreedom [qoY9RHIesiw] |
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