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What Is Your RMD Withdrawal Strategy?- Episode 162

A few episodes ago we talked about how to keep your tax bill down when planning for Required Minimum Distributions (RMDs). After that show aired, we received a good question from a listener in Arizona who wanted to know what a good withdrawal plan would be for someone who is actually taking their RMDs.

For example, would it be prudent for someone to sell stocks in their IRA to satisfy their RMD when doing so may violate a key principle of the LCG Bucket Strategy® that says you should never sell a long-term asset to cover a short-term liability? Do all RMDs have to be taken in cash?

Get the answers to questions that are rarely asked but are vitally important with host Johnny Dean and “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!

Important Information:

IRA withdrawals will be taxed at ordinary income rates. Withdrawals prior to age 59½ may also be subject to a 10% penalty tax.

Different types of investments and/or investment strategies involve varying levels of risk. All investments are subject to risk including the loss of principal.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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