Peter Mallouk and his guest, Dan Donegan, discuss the parameters of required minimum distributions (RMDs). This includes an in-depth look into when you need to take a required minimum distribution, how much you need to take, and which account you should take it from if you have multiple plans. Discussing your options with a financial advisor and or your CPA is essential to determine how your distributions will affect your taxes. Listen in to learn more about your required minimum distributions options.
The 411 on 401(k), hosted by Creative Planning President Peter Mallouk and the Creative Planning 401(k) advisory team, is an informed discussion aimed at answering the many questions participants may have about their retirement accounts. Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future.