💡 Did you know missing your Required Minimum Distribution (RMD) could cost you thousands in penalties?
I’ve seen retirees lose over $100,000 because no one explained the rules.
Here’s how to calculate your 2024-2025 RMDs, avoid mistakes, and save big. 🧵👇
I’ve seen retirees lose over $100,000 because no one explained the rules.
Here’s how to calculate your 2024-2025 RMDs, avoid mistakes, and save big. 🧵👇
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Don’t leave money on the table! Use my free 2024-2025 RMD Calculator to get started today: [Insert Link]
✅ Estimate your RMD in seconds.
✅ Learn how to avoid costly mistakes.
✅ Take control of your retirement savings!
RMDs aren’t just about avoiding penalties—they’re an opportunity to optimize taxes and investments.
By planning ahead, you can keep more of what you’ve worked so hard to build while supporting causes or goals that matter most to you. 🌟
📅 January: Review all account balances.
📅 March: Calculate preliminary RMD.
📅 June: Make your first withdrawal strategically.
📅 September: Take a second withdrawal if needed.
📅 December: Final reconciliation and withdrawal.
💡 Want to save thousands?
1️⃣ Take RMDs in June, not December—avoid year-end market dips.
2️⃣ Break large RMDs into smaller withdrawals to stay in a lower tax bracket.
3️⃣ Use Qualified Charitable Distributions (QCDs) for tax-free withdrawals if over 70½.
Common Mistakes to Avoid
1️⃣ Thinking inherited IRAs follow the same rules (they don’t—you have just 10 years to withdraw).
2️⃣ Forgetting to aggregate multiple IRAs (yes, the IRS notices).
3️⃣ Missing spousal age calculations (can reduce RMDs by up to 30%).
To calculate your RMD for 2025:
1️⃣ Find your account balance as of 12/31/2024
2️⃣ Use the IRS Uniform Lifetime Table
3️⃣ Divide the balance by the distribution period.
Ex: $500,000
Age: 75 (distribution period = 24.6)
RMD = $500,000 ÷ 24.6 = $20,325
That mistake triggered a $42,000 penalty on his $168,000 RMD. 😬
Here’s what we did to fix it—and how YOU can avoid costly errors like this. 👇
Failing to take your RMD on time? The IRS charges a 25% penalty on the amount you didn’t withdraw. 😱
Let me show you how to avoid this!