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What Are RMDs? Required Minimum Distribution Rules For Retirement Planning

Episode Summary

Turning 73 means facing Required Minimum Distributions from your retirement accounts—miss the deadline, and you could lose 25% to penalties. Discover how RMDs work, the tax traps to avoid, and smart strategies to keep more of your hard-earned savings. Learn more at https://www.meliagroup.com/our-team

Episode Notes

Welcome back, everyone! Today we're tackling a topic that trips up a lot of retirees—Required Minimum Distributions, or RMDs. If you've got a traditional IRA or a 401(k), you've probably heard about them. But what exactly are they, and why should you care? Melia Advisory Group City: Tulsa Address: 5424 S Memorial Dr Website: https://www.meliagroup.com/