What Should You Do With an Excess Required Minimum Distribution (RMD)

Do you have a tax-efficient retirement income strategy that minimizes RMDs (Required Minimum Distributions)? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact.

For various reasons, it is not uncommon for a retiree to find themself with an excess RMD - a required minimum distribution greater than their income need.

Any time this happens, we enter tax-inefficiency territory. Ideally, we want to avoid this.

But sometimes due to increasing RMDs, it's difficult to avoid this predicament.

So what can we do with an RMD that we don't need?

Luckily, there are a number of strategies you can use to either improve your retirement or lifestyle with an excess RMD.

In this video, we cover four common strategies. These include:
✅ Avoid future RMDs with an 'RMD Roth Conversion'
✅ Use Charitable Planning and a Qualified Charitable Distribution (QCD) to remove the RMD from your tax return
✅ Invest the Excess RMD
✅ Use the RMD to pass on more than money

Watch this video to learn more.

In this video, we reference a few important trainings on building a more tax-efficient taxable account investing strategy. Here are links to those videos:

🎥 5 Taxable Account Rules for Tax-Efficient Investing -    • 5 Taxable Account Rules to Follow for...  

🎥 Avoiding Dividend Tax Drag -    • How Dividend Tax Drag Can Cost You Te...  

🎥 Avoiding Turnover Tax Drag -    • Don't Make this Common Taxable Accoun...  


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Always remember, "You Don't Need More Money; You Need a Better Plan"

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Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduc...