Understanding Required Minimum Distributions – Podcast #205
In this episode, we dive into everything to know about RMDs: how they are calculated, minimums, tax implications, tax mitigation strategies & lots more.
In this episode, we dive into everything to know about RMDs: how they are calculated, minimums, tax implications, tax mitigation strategies & lots more.
A taxable account can be more of a not-so-taxable account. In fact, with the right conditions, it can be almost as good and possibly better than a Roth IRA.
The step-up in basis is an important financial principle to understand to avoid expensive screw-ups. Here's what you need to know for yourself and your heirs.
Are you enough of a super saver that you should be making Roth contributions and conversions in your peak earning years? Today we tackle the question.
PoF shows how to save thousands on basic portfolio management chores by teaching how to take end of year RMDs and rebalancing.
Those who suggest doctors in their peak earnings years should make Roth 401(k) contributions, do Roth conversions, or worse, avoid tax-deferred accounts altogether are either ignorant or selling something.
What is different in your investing life as you approach retirement? Not much. You don't need to be doing something dramatically different than a 25-year-old. The mix may be different but the investments will be the same.
The ability to adjust spending has a much larger effect than asset allocation or even initial withdrawal percentage when it comes to retirement success.
Here's an update on how PoF is making early retirement possible. Our conversation includes managing part-time work, safe withdrawal rates, being debt free and listener questions.
A physician and his stay-at-home wife are approaching retirement, and not quite sure how to spend their assets.
There are many ways to spend your nest egg, but they generally fall into a continuum between the "probability-based" school of thought and the "safety-first" school of thought.
In some respects, being in the accumulation phase of life is easy. But once you retire, you will have a whole new set of problems to worry about.
Phil Demuth explains what to do if you are a super-saver with an RMD problem. By using Roth conversions to ride the tax brackets, you can minimize the amount of tax paid.
The elderly can get away with a lot more when it comes to retirement spending strategies, mostly thanks to their lower life expectancy. Just one more reason why retiring early is really expensive.
Multiple generations working together can create some awesome benefits. But pretending you are a bank or an insurance company in order to cut out the middleman is fraught with peril.