In this episode of the Building Wealthy Habits Podcast we cover Required Minimum Distributions (RMDs) from retirement accounts. We discuss calculating RMD amounts based on account balances and the flexibility in distributing amounts across accounts. Inheritance rules are explained, noting that spouses can stretch distributions but non-spouses get 10 years to empty accounts. We also mention Qualified Charitable Distributions as a tax strategy to reduce income from RMDs.
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