What Issues Should You Consider When Reviewing Your RMD?
RMDs (Required Minimum Distribution) are often an inconvenience. The timing, the amount, and tax consequences associated with RMDs might run the risk of throwing a wrench in your financial plans, but it doesn’t have to be that way! This is where our team at Infinity Financial Group can help.
We are committed to providing you with a better understanding of what options you have at your disposal when managing your RMDs in relation to your financial situation.
Our RMD checklist covers important factors that you need to know when reviewing your RMDs, such as:
- Having a clearer understanding about how you are taking your RMDs (e.g., timing, amount, where it is being sent, etc.)
- Being more deliberate about how you use RMDs that are in excess of what you need for living expenses (e.g., reinvest, bolster emergency fund, etc.)
- Coordinating your RMDs with your other investments, charitable and/or tax planning goals.
These concerns, and more, are what we consider in our RMD review to ensure the stability of your financial future.
For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice.