Are you optimizing your RMD withdrawals based on your retirement tax situation? Do you know the best time to take your annual RMD? 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.

Does the timing of your required minimum distribution matter?

Going into every year, you will know the exact amount you need to take as your minimum distribution for that given year.

....And there is really know way around taking this distribution THIS YEAR. So why wait? Simply take your RMD right away in January?

Well, this might be optimal for some situations but not so much for others. Here are two important factors that matter greatly:
1. Does your RMD fit into your normal spending needs OR
2. Is your RMD an Excess RMD?

Furthermore, how are you planning on taking that RMD?
1. Income Withdrawal
2. InKind Transfer
3. Qualified Charitable Distribution (QCD)

The combination of these factors can adjust your optimal filing time. We discuss in what ways in this video:
0:00 What is the Best Time to Take RMDs?
0:24 How to Calculate Your Annual RMD
1:24 The Falling Market RMD Problem
2:42 Beginning vs. End of Year RMD Withdrawals
5:04 Your 3 RMD Withdrawal Options
6:23 Optimizing an Excess RMD Withdrawal
9:33 Optimizing an Income RMD Withdrawal

#RMD #RetirementIncomePlanning #SafeguardWealthManagement

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

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Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduc...