The IRS mandates distributions from retirement accounts as individuals reach a certain age, which can result in higher tax payments.

However, there are strategies to minimize the impact of these required minimum distributions (RMDs) and save on taxes. Here are seven strategies to reduce your RMDs and optimize your tax situation:

Roth Conversions
Delay Social Security Benefits
Qualified Charitable Distributions (QCD)
Continue Working
Utilize Joint Life Expectancy Tables
Optimize Asset Location
Plan for Tax Implications on Heirs

Reducing RMDs and optimizing taxes requires careful planning aligned with your life plan and financial objectives. Work with a financial planner and implement these strategies to minimize the impact of RMDs and maximize the value of your retirement savings.


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⏱ Timestamps ⏱
0:00 Intro
1:12 Understand this first
4:09 Roth conversions
6:51 Delay social security
8:23 Qualified Charitable Distributions (QCD)
11:19 Continue Working
12:14 Utilize Joint Life Expectancy Tables
13:28 Optimize Asset Location
15:20 Plan for Tax Implications on Heirs
17:39 Outro

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