FAQs About RMDs
Joel Johnson, CFP® answers commonly asked questions on Required Minimum Distributions.
RMDs are distributions that you must take out of any accounts that you put money into tax deferred. When you begin to take money out, and are forced to take the money out, is when you are required to pay taxes on that money.
Some plans that have RMDs are 401(k)s, 403(b)s, 401(a)s and 457s. These are all accounts where money goes in pre-taxed.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.
Related Resources
-
What Age Should I Start Social Security?
Among the many decisions you’ll make in retirement, when to take Social Security is certainly one of the most impactful. You can collect Social Security as early as age 62, receive the full amount… -
Adjusting Your Money Mindset
An important shift must occur when you enter retirement: your money mindset needs a reset, and your financial strategies must evolve to match your new objectives. While growth is still important, … -
The Power of Proactive Tax Planning
Retirement doesn’t mean the end of taxes. But with the right strategies, there are ways to reduce their impact. Through proactive tax planning, your retirement accounts become a year-round strateg… -
Working with a Financial Advisor
You wouldn’t let just anyone manage your money or guide you through one of life’s most pivotal milestones. Knowing who to trust with your retirement can make all the difference. With so much on yo… -
How Much Should I Keep in Cash During Retirement?
Having cash on hand can provide a sense of stability and peace of mind at any stage of life. However, in retirement, holding too much cash may limit your long-term returns and erode your purchasin… -
Retirement Planning FAQ
Planning for retirement often raises important questions about managing your finances wisely, reducing your tax burden, protecting your wealth, and making the right decisions for you and your fami… -
Podcast Episode 414: What Does the Big Beautiful Bill Really Mean for Your Retirement?
Prefer to watch? Click here to watch and listen on YouTube. There’s been a lot of noise around the One Big Beautiful Bill Act (OBBBA), an 887-page piece of legislation that just reshaped key el… -
How Much Money Do I Need to Retire Comfortably?
You’re not alone in wondering how much you need to save for a comfortable retirement. After all, you’ve worked hard to reach this milestone, and there’s peace of mind in knowing you’ve taken all t… -
Social Security Made Simple
Social Security is anything but simple — but understanding how to make the right decisions doesn’t have to be. When it all boils down, knowing when to take Social Security, how to take it, and how… -
3 Avoidable Retirement Surprises
Even the most carefully crafted retirement plans can go off track if you haven’t accounted for some of the biggest surprises along the way. While many factors can impact your retirement, the good …
