Required Minimum Distributions
You have probably heard the term RMDs which stands for Required Minimum Distribution. If you are not exactly sure what they are, don’t feel bad, they are just are part of an already confusing tax code. However; they are very important to understand because it is a big part of retirement tax planning and can lead to a 50% penalty if not done right. In this video I will explain Exactly what you need to know about required minimum distributions and how they play into helping your money last longer.