Are you over 72 and taking your annual RMD and wondering how you can minimize future RMDs? Do you feel like you've missed the boat on Roth Conversions to minimize RMDs? 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) 5440576 or go to https://www.safeguardinvest.com/contact.'>https://www.safeguardinvest.com/contact.

Once you've turned 72 and are forced to take RMDs, has the window closed for minimizing future RMDs?

Many retirees feel this is the case. The good news is, they shouldn't.

Roth Conversions over the age of 72 are a more complex calculation but still have value.

A current year's RMD forces us into a given tax position. Outside of using a qualified charitable distribution, there isn't much we can do about this year's Required Minimum Distribution.

And if we just take this year's RMD without implementing other tax strategies, we really won't be doing much to minimize future RMDs either.

But for many retirees, using tax strategies like Roth Conversions up and above their RMD can start to make sense.

We walk through a few different examples in this video. We also show how Roth Conversions can be paired with strategies like a QCD to create additional room for lowertaxed conversions.

0:00 Suzanne's Common RMD Problem
1:10 Why RMDs Grow Due to RMD Creep
1:58 Can You Convert Your RMD to a Roth IRA?
2:56 Roth Conversion to Avoid IRMAA
4:50 Roth Conversions Above Your RMD
9:02 The Factor Right Now that Improves Conversions
9:35 Minimize RMDs with a Qualified Charitable Distribution
10:41 QCD Paired with a Roth Conversion

#RMD #RetirementIncomePlanning #RothConversions

Always remember, "You Don't Need More Money; You Need a Better Plan"

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