Your Financial Compass
with Scott Vlahon
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As the end of the year approaches, people start taking a closer look at those tasks that need to be finished before the calendar changes. One that always comes up around this time is Required Minimum Distributions (RMDs).
Since we get questions on RMDs quite a bit, let’s dive in a little deeper on what you need to know. What do these actually mean? Who does it apply to? How might it change in the coming years? We’ll answer those questions and more on this episode.
Here is some of what you will learn in this episode:
· What is an RMD? (2:21)
· How do you determine how much needs to be taken out? (6:36)
· The penalty you face if you forget to take your RMDs. (9:23)
· What would the SECURE Act 2.0 change about RMDs? (12:28)
RMD references – https://www.investopedia.com/terms/r/requiredminimumdistribution.asp
WAYS TO CONNECT:
Do you need financial guidance? Go to https://bulmanwealth.com/scott-vlahon to connect.
You can also reach the team by phone at (916) 458-8199.
And book a 30-minute discovery call with the team here: https://bit.ly/3yukJD0
SHOW NOTES & RESOURCES
Ep 6: What to Know About Required Minimum Distributions (RMDs)
Since we get questions on RMDs quite a bit, let’s dive in a little deeper on what you need to know. What do these actually mean? Who does it apply to? How might it change in the coming years? We’ll answer those questions and more on this episode.
Ep 5: Annuities 101 – Everything You Need to Know
Since annuities are one of the more polarizing financial products out there, let’s take a step back and look at what annuities do and what options are out there. Then we’ll evaluate the pros and cons so you can start forming your own opinion.
Ep 4: Navigating a Potential Recession
Depending on who you talk to, we’re either quickly approaching a recession or we’re already in one. Either way, there’s been a significant pullback in the economy this year and we wanted to help ease your mind about what to expect during times like these.
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