Why does the government force you to take money out of your retirement accounts, even if you don’t need it?

In this episode or Relax, It’s Retirement, Josh Leonard and Pete Belcastro dive  into the intricacies of Required Minimum Distributions (RMDs) and explain why they are a crucial aspect of retirement planning. Together, they cover recent changes in RMD rules, including the impact of the Secure Act and the importance of understanding how these changes affect your retirement and tax planning. 

You’ll learn about the different types of beneficiaries and the rules surrounding inherited IRAs, making this a must-listen for anyone approaching or navigating retirement.

Josh and Pete discuss: 

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• Understanding Required Minimum Distributions (RMDs) and their recent rule changes
  
• The implications of inheriting an IRA and the different types of beneficiaries
  
• How the Secure Act has changed the way RMDs are calculated and distributed
  
• How to navigate these complex rules and avoid potential penalties
  
• And more
  

Resources:

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• Schedule a meeting with the team
  
• Understanding RMDs: 6 Strategies to Reduce Your Tax Burden
  

Connect with Josh Leonard: 

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• jleonard@leonardadvisorygroup.com
  
• LinkedIn: Josh Leonard
  
• Leonard Advisory Group
  
• 412-998-PLAN
  
• YouTube: Leonard Advisory Group
  
• Facebook: Leonard Advisory Group
  

Connect with Pete Belcastro: 

• 
  
• LinkedIn: Pete Belcastro, CFP®
  
• pete@leonardadvisorygroup.com