RMD Strategies to Maximize Savings!

[@Xenos-rx3bo]

I think it's pretty simple: have only enough in your tax-deferred retirement accounts so that the RMD is no higher than the standard deduction. Everything else comes from tax-advantaged sources. Therefore, you will be in the 0% tax bracket in retirement, you won't have to care what happens to income tax rates (anything times 0 is 0), and you can avoid tax on Social Security.

[@ScottCendali]

have not watched TMGS in a while, great stuff as always, but my god, that stash gotta go bro!

[@stevenporter863]

2:15 Good advice if in a pinch forced to withdraw. But that doesn't address the real question: 'how can I not give away savings I spent decades saving up?'

[@justinbrtek4801]

I'm surprised they didnt mention QLACs. Can be complex, but do allow for further deferral.

[@kendarcie6613]

I plan on leaving some money in my 401/IRA's as a hedge against LTC costs. I will do roth conversions on most of it, but I think leaving some in the IRA/401k will allow money to basically be taken out at a super reduced tax rate because medical expenses are deductible. We are paying 100k per year for my Mother's LTC.

[@allovertheplacejess]

You guys should collab with Romain Faure like you did with Caleb!!

[@KingsleyAfingi-q5v]

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[@MikeJohnson-l6j]

I can still remember the exact feeling on my biggest payday in the market. Imagine taking home $407k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a newbie

[@tracym8952]

I always figured I'd liquidate my 401k and roth to put it into an individual account and or cds

[@5478gotd]

Please don’t do that! Talk to a local trusted financial professional that can help build a plan for you. Taking lump sum distributions will skyrocket your income in that year and you will be pushed into higher tax brackets.

[@jacobduplanty638]

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