Required Minimum Distributions are straightforward and simple, right? Wrong. Why is this kind of planning so important? In a word, TAX. Distributions from qualified accounts are generally taxed as ordinary income. Conversely, ROTH IRAs and ROTH 401(k)s are not subject to RMD’s. So, what does it take to create a required minimum distribution strategy? Everyone’s needs are different, but these 6 strategies might help you develop a solid RMD plan. Connect with one of our advisors at OmniStar Financial Group to learn which strategies are right for you.
Required Minimum Distributions
Air Date: August 3rd, 2021