Shows
Retirement Starts TodayDon’t be Rattled by RMDsAre you feeling rattled by Required Minimum Distributions (RMDs)? We’re here to help. Today we get deep into managing RMDs as we explore an article by Pam Krueger from Kiplinger’s. I outline the complexities of RMDs, share strategies to minimize tax impacts, and talk about how to craft a "perfect RMD" strategy. Plus, I’ll dig into why so many retirement podcasters, myself included, have no plans to retire themselves. We kick things off by understanding the basics of RMDs, including when and how retirees must start withdrawing funds from tax-deferred accounts like IRAs and 401(k)s. I...2024-10-2822 minRetirement Starts TodayHow Do You Know It’s Time to Retire?Knowing when to retire is not just an economic decision; it’s highly personal. In an era where your work is with your identity, deciding when to retire can feel monumental. So how do you know when the time is right? That’s what we’ll explore in today’s episode. In addition to discussing this retirement headline, Bret Mulvaney joins the show again to help me answer our listener question. Press play to listen. Outline of This Episode [1:06] Retirement Starts Today updates [3:48] How do you know it’s time to retire? [12:35] Does bank health mat...2024-08-2120 minRetirement Starts TodayBreaking News - Secure Act 2.0Welcome back to Retirement Starts Today Radio! Today we have an extra special episode for two reasons. Today, you’ll finally meet our newest advisor, Bret Mulvaney. He joins me today to discuss the most recent legislation regarding tax and retirement planning. This entire episode is dedicated to reviewing the Secure Act 2.0. Listen in to learn what’s changing in retirement planning and how the Secure Act 2.0 will change your retirement tax situation. Outline of This Episode [2:12] The age for RMDs is changing [7:58] Qualified Charitable Distributions have not changed [10:35] Roth 401k or 403b no l...2023-01-1622 min