{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Understanding RMDs: A Guide For Retirees &amp; The Soon-to-Retire","description":"Are you over 55 and pondering retirement? Join us as we delve into the realm of Required Minimum Distributions (RMDs). Unfortunately, RMDs can be a tad bit confusing, so in today\u2019s episode, Dave and Drue are here to unravel the mystery and ensure you have a clear understanding of the process. Listen in as we break down the basics of RMDs and explain how they are calculated based on your age and account balance. We\u2019ll also share strategies to potentially avoid them and share the risks of not preparing for them in advance. And for those fortunate to not rely on RMDs for income, we'll explore impactful ways to utilize those funds. &amp;nbsp; Here\u2019s some of what we discuss in this episode:  What are RMDs and why do they exist? When should you start planning for RMDs, and what actions can you take to reduce their impact on your tax liabilities? What are the risks associated with not planning for RMDs in advance? RMDs can be redirected to charitable organizations  &amp;nbsp; Contact Dave and Drue:&amp;nbsp;  Web: https:\/\/www.truefinancialpartners.com\/  Email: info@truefp.biz   Phone: 877-359-8783 &amp;nbsp; ","author_name":"Wealthy Habits Podcast","author_url":"https:\/\/www.truefinancialpartners.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/28368323\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/313960\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/28368323"}