Want to create an interactive transcript for this episode?
Podcast: Retire Today
Episode: 3 Ways to Lower Your Taxes on Required Minimum Distributions
Description: Check out Jeremy’s latest podcast on tax planning by listening on “Apple Podcasts” or “Google Podcasts” or read below for 3 Ways to Lower Your Taxes on Required Minimum Distributions.
#88 – After you reach a certain age, you’ll be subject to required minimum distributions (RMDs). This refers to the minimum amount you must withdraw each year from your retirement accounts.
The age for RMDs was recently increased to 72 (from 70½). Now, with the proposed SECURE Act 2.0, it might be further increased to 75.
Why should this concern you? Because RMDs significantly affect your lifetime taxes!
In this e...