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In this episode, we ask:

• What is a Required Minimum Distribution (RMDs)?
• What happened when you put your income into the deferred tax account?
• How will the tax be paid?
• When will the tax be paid?
• What is built into the Internal Revenue Code?
• When do Required Minimum Distributions become payable?
• What about age 70.5?
• What about age 59.5?
• What is this magical 11 year time zone?
• Do you own a qualified plan?
• When you can you withdraw funds?
• What about penalties?
• Have you heard about the 70.5 deadline?
• A 50% penalty?! 50%?!
• When do you think taxes will be higher?
• What happens if you pass away with a qualified plan?
• What does your partner have to do?
• Would you like an example?
• How does one calculate an RMD?
• What is your life expectancy?
• What is the balance of the account?
• Are RMDs taxed at ordinary income tax rates?
• Is your spouse 10 years younger than you?
• Will RMDs force you into a higher tax bracket?
• Will RMDs raise your Medicare premiums?
• What if you have assets inside of your qualified accounts?
• Will you have to sell your stocks?
• Will you have to sell your real estate?
• Does the RMD care?
• What happens if you live past your life expectancy?
• What happens if you need it for long term care?
• What about the 4% rule?
• How successful is the 4% rule?
• What about 2.8%?
• What about 6.5%?
• Has the government updated their formula to reflect these new findings?
• Will most run out of money?
• What is the new SECURE ACT in congress?
• What are some ideas to consider?
• Are you in your mid to late 50s?
• How much do you have that will be exposed to ordinary income tax?
• Would you like protection from required minimum distributions?
• Are there multiple accounts that you would like to consolidate?
• How might you leave a substantial legacy for your children?
• What about a life insurance policy?
• Are today’s tax rates historically low?
• How much will you be forced to take out of your retirement accounts?
• How could you leave your family far more than you ever saved?
• Would you like to view some example numbers? Note: this is only an example. To see your exact numbers, please contact us.
• How might we help you with an RMD strategy? Hop on our calendar for a FREE 15 minute Introduction Phone Call
• Do you own a Bank on Yourself® type policy? Do you believe that Bank on Yourself is a scam? Leave us a message and let us know your experience!