Tag: RMDs
Taxes, Timing, and the End of the Year: What You Can Still Control (Ep. 101)

Taxes, Timing, and the End of the Year: What You Can Still Control (Ep. 101)

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The end of the year can bring financial stress, but it’s also a valuable time to take control of your retirement strategy.

In this episode of Relax, It’s Retirement, Josh Leonard walks through year-end tax planning steps that can make a real difference for retirees. From RMDs and charitable giving to Roth conversions and managing Medicare costs, Josh highlights how intentional planning today can lead to more confidence tomorrow.

Josh shares:

  • Why year-end tax planning matters and how deadlines impact your financial picture
  • How to use Qualified Charitable Distributions (QCDs) to meet RMD requirements while supporting meaningful causes
  • What to do if you face the “good saver tax problem” and want to pass wealth efficiently to the next generation
  • How Roth conversions and new senior deductions can help balance taxes in retirement
  • Why managing IRMAA limits can prevent unexpected Medicare cost increases
  • And more!

Resources:

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Navigating RMD Changes for Your Retirement Plan (Ep. 62)

Navigating RMD Changes for Your Retirement Plan (Ep. 62)

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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: 

  • 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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Connect with Pete Belcastro: 

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