Required minimum distributions or "RMDs" are an annual tax requirement for people with certain retirement accounts, and they are so easy to miss.

This episode breaks down RMDs, including what they are and how to take them.

Check out Question 4 at: https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqs

Reminder: Required Minimum Distributions Due December 31

Introduction to Required Minimum Distributions

What is an RMD and why should I care about it?

Why are RMDs Necessary?

Understanding RMDs and Tax Planning

What are the rules for Required Minimum Distributions (RMDs) for traditional retirement accounts when you turn 73?

RMD Rules: Age 73 and Inherited Accounts

How do you fulfill your Required Minimum Distribution (RMD) obligation from a retirement account?

How to Fulfill RMD Obligations

Tax Strategies for RMDs

What are three smart tax planning strategies for managing your required minimum distribution (RMD)?

Final Reminders and Listener Q&A

The Women’s Investor Community is a place to ask all the money and finance questions - especially the ones that feel hard, embarrassing, or complex. 

It's a place to get well-researched, forward-thinking investment ideas that move the world to a better place. And it's a place to let your guard down - to finally feel like you can live in your authenticity AND be financially successful.

If you have a personal finance question, please feel free to get in touch at www.dianarichey.com.

About the Host: 

Diana Richey is a nationally recognized personal finance expert. She is passionate about helping people take control of their finances and invest in conscious companies. As a financial planner and tax lawyer with over two decades of experience, she has worked with individuals and represented multinational corporations on everything from sustainable investing to international tax planning to charitable giving.

Diana earned a B.A. with honors from The University of Chicago and a J.D., cum laude, from Boston University School of Law. She is a Certified Financial Planner (CFP®), Project Management Professional (PMP®), trained mediator, and FINRA arbitrator. She sits on the Board of Nature and Culture International, a 501(c)(3) dedicated to preserving wild places.

She lives in Jackson Hole, Wyoming with her husband, young son, and dog.

LEGAL, INVESTMENT AND TAX NOTICE: This information is not intended to be and should not be treated as legal advice, investment advice or tax advice. The reader should under no circumstances rely upon this information as a substitute for obtaining specific legal or tax advice from their own legal or tax advisors.