All About RMD’s – The RMD Tax Trap

Like most retirees, you have been socking away money in an IRA, 401K or some other tax-deferred retirement account. But that’s going to change when you turn 72. Uncle Sam is going to force you to start withdrawing money from your IRA and 401K every year, so he can finally collect the taxes on these savings. These mandatory withdrawals could trigger a chain reaction of events that could cost you an arm and a leg. In this episode, we share the overlooked financial consequences of required minimum distributions. Plus the strategies that could help you minimize or eliminate them altogether, here are the highlights:

• The ABC’s of RMD’s
• There’s a ticking time bomb behind your RMD’s
• The deadly combination of RMD’s and Sequence of Returns risk
• How you could reduce or eliminate your RMD’s

Host Ben Christy interviews Beacon Capital Management’s Senior Partner and Co-Owner, Pete Benson, and CEO and Co-Owner Jon Maxson, for this episode of the Beacon Retirement Strategies Radio Show: All About RMD’s – The RMD Tax Trap