Top 10 Most Common Required Minimum Distribution Mistakes

The top 10 most common mistakes people make when it comes to required minimum distributions (RMDs) in retirement. He covers topics such as starting RMDs on time, not combining RMDs with a spouse, understanding the potential cost of delaying RMDs, confusing RMDs with Roth conversions, and more. Danny also highlights the importance of RMD aggregation rules for IRAs, the different rules for 401k RMDs, and the new rules for Roth 401k RMDs. He concludes by mentioning RMD planning opportunities, such as using a qualified longevity annuity contract and making qualified charitable distributions.

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⏱Timestamps:⏱
00:00 Introduction: RMDs in Retirement
02:23 Chapter 2: Spouses and RMDs
03:21 Chapter 3: The Cost of Delaying RMDs
04:47 Chapter 4: RMDs vs. Roth Conversions
05:47 Chapter 5: Aggregation Rules for IRAs
07:43 Chapter 6: 401k RMDs
08:40 Chapter 7: The Still Working Exception for 401k RMDs
10:09 Chapter 8: New Rules for Roth 401k RMDs
11:07 Chapter 9: Forgetting to Take RMDs
12:34 Chapter 10: RMD Planning Opportunities

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