VIDEO: Understanding Required Minimum Distributions (RMDs)

by Leah Woodly

Are you getting close to retirement or have you inherited a retirement account? Understanding Required Minimum Distributions (RMDs) is essential for managing your retirement savings and avoiding costly penalties. 

In this video, we’ll break down everything you need to know about RMDs, including: 

✅ What RMDs are and why they matter
✅ When you need to start taking RMDs
✅ How RMDs are calculated
✅ The rules for RMDs on inherited retirement accounts
✅ What happens if you miss an RMD
✅ Smart strategies for managing your RMDs effectively

We also dive into the special rules for inherited retirement accounts, so if you’ve recently inherited an IRA or 401(k), this information is crucial.

This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.