Each year, David gets a lot of questions from his clients about required minimum distributions. Some are just beginning to take them, while others have been withdrawing for years but still have specific concerns. In this episode, he breaks down the 7 key things you need to know about RMDs. We’ll start with the basics, like what they are, when you need to start taking them, and which retirement accounts are affected. Then, we’ll dive into some of the trickier aspects, like how to calculate your RMD, what happens if you don’t take it on time, and more. The goal of this episode is for you to walk away learning at least a few things you didn’t know before. So, tune into this informative discussion today to see what you can learn! Here are the questions we discuss in this episode: 1️⃣ What is an RMD and when do I start taking them? 2️⃣ When should I start thinking about them? 3️⃣ How do I know which retirement accounts are included? 4️⃣ I have a bunch of retirement accounts. Do I take an RMD from each one? 5️⃣ What happens if I just say “no?” 6️⃣ But I don’t need all of that money. Can I escape somehow? 7️⃣ How exactly do I calculate my RMD?   Check out the survey here: https://www.fa-mag.com/news/retirement-planning-survey-2024-80450.html For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.