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RMDs, or required minimum distributions, can throw an unexpected wrench in your retirement income and tax plans (and cost you thousands of dollars) if you aren't prepared for them. In this episode of Joe Knows Retirement, Joe answers four big questions about RMDs to help you understand the negative impact they can have and the importance of planning for them now. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/sc... 🎥 Subscribe to our channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe’s book “I Hate Taxes”: https://keap.page/bsd964/toolkit-yout... 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/... 📞 Apply to talk with us: https://peakretirementplanning.com/sc... #retirement #retirementplanning #rmds Timestamps: 00:00 Required minimum distributions (RMDs) 01:08 1. What is an RMD? 04:05 2. Who will RMDs be an issue for? 07:29 3. Why are RMDs an issue? 16:11 4. How to lower RMDs Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, financial, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is an Ohio based registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.