TOP RETIREMENT MISTAKES
RMD MISTAKES THAT CAN COST YOU
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Thad Ismart, CFP®, ChFEBC, CEPS
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Tessa Hall
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About This Episode
Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about Required Minimum Distributions (RMDs) and common mistakes that can create unexpected taxes and penalties. They also discuss rollover rules and strategies that can help retirees avoid costly errors.
This episode is part five of BWFA’s Top Retirement Mistakes series, which explores common retirement planning mistakes and strategies to help avoid them.
To learn more about retirement planning, visit our Financial Planning page.
Read Full Description
Required Minimum Distributions are an important part of retirement planning, but misunderstanding the rules can lead to unnecessary taxes and penalties.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about RMD requirements, distribution timing, and rollover mistakes that retirees should avoid.
They explain how RMD rules apply to different retirement accounts, why delaying a first distribution may not always make sense, and how a simple rollover mistake can become a costly taxable event.
This episode is part five of BWFA’s Top Retirement Mistakes series.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters