Radio Show #36: Navigating RMDs in Retirement

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12 May 2025 Radio Show Retirement Income Planning Tax Planning

Radio Show #36: Navigating RMDs in Retirement

For many nearing retirement, understanding RMDs is crucial for effective financial planning. But what exactly are RMDs, and why are they so important? RMDs might sound like just another tax rule, but mismanaging them could cost you thousands in penalties, unnecessary taxes, or missed planning opportunities.

On this week’s show, Chris and Shawn break down the ABCs of RMDs. You’ll learn when RMDs start, how they’re calculated, what happens if you delay, and why you can’t combine your spouse’s with your own, even if you file taxes jointly.

Plus, the duo walks through advanced strategies for reinvesting RMDs, using them for charitable giving, and even combining them with Roth conversions to improve long-term tax efficiency. Whether you’re approaching your first RMD or managing inherited accounts, today’s discussion will help anyone looking to optimize their planning strategies.

Here’s some of what we discuss in this episode:

📆 When RMDs start and why timing matters

💸 What happens if you forget to take one

📊 How to reinvest, redirect, or donate your RMDs

🏦 Rules for IRAs vs. 401(k)s (yes, they’re different!)

❤️ How QCDs can reduce taxes and support your favorite charities

Book a 15-minute discovery call with the team here: https://calendly.com/ask-bulmanwealth or ask questions via email at ask@bulmanwealth.com.

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Radio Show #36: Navigating RMDs in Retirement

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