PFP2415. Rethinking RMDs

SECURE 2.0 has increased the age for Required Minimum Distribution (RMD) to 73. Also, SECURE 2.0 has reduced the excise tax on not taking RMDs. Is it the best practice to delay taking RMDS as late as possible? What can be done to mitigate the tax cost of RMDs? Should we change our mantra on retirement distributions?

Learning Objectives:

• Recall the most recent tax rules for Required Minimum Distributions (RMDs).
• Identify the various strategies to mitigate the tax cost of RMDs.
• Identify the myths of retirement distribution planning.