Required Minimum Distributions don’t have to be a burden. Learn how local retirees are transforming this IRS requirement into a powerful retirement advantage.
Why RMDs matter for your retirement
If you’re approaching age 73, you’ll soon face a critical retirement decision: how to handle Required Minimum Distributions from your retirement accounts. While many view RMDs as just another tax burden, we’ve helped hundreds of Washington and Idaho retirees turn this requirement into an opportunity for greater financial security.
The challenge of traditional RMD approaches
Most financial advisors suggest simply withdrawing the minimum required amount across all your accounts. This approach often leads to:
- Forced liquidation of investments during market downturns
- Higher than necessary tax burden
- Reduced growth potential on retirement savings
- Less predictable retirement income
Transform your RMDs into an advantage
Smart RMD strategy for WA & ID retirees
Required Minimum Distributions (RMDs) start at age 73. Turn this IRS requirement into an opportunity.
This strategy helps you:
- Maximize tax-deferred growth
- Create reliable retirement income
- Reduce forced withdrawals
- Navigate market volatility
Ideal for:
- Substantial IRA balances
- Ages 62+ planning for RMDs
- Those seeking guaranteed income
Serving Washington & Idaho from Spokane Valley
A strategic approach to RMDs
Instead of viewing RMDs as just a withdrawal requirement, we help you transform them into a strategic advantage through:
- Strategic positioning of retirement assets
- Guaranteed income planning
- Tax-efficient withdrawal strategies
- Protection against market volatility
How our RMD strategy works
Let’s look at a real example of how this approach helps local retirees:
Sarah’s Story: A Spokane Valley success
Sarah, a retired healthcare professional, had a $1 million IRA and needed $30,000 yearly income. Instead of traditional withdrawals, we helped her:
- Place $400,000 in a qualified high-income annuity paying 8.47% annually
- Keep $600,000 growing in a diversified portfolio
- Use the annuity’s $33,880 payment to satisfy nearly 93% of the RMDs across her entire IRA balances
The Result: Sarah secured her needed income while maintaining more tax-deferred growth potential on her remaining investments.
Is this strategy right for you?
This approach could be especially valuable if you:
- Have an IRA balance over $500,000
- Are planning for future or past RMD age (73)
- Want guaranteed retirement income
- Seek to maximize tax-deferred growth
Get your personal RMD strategy
Schedule a complimentary consultation to learn:
- Your optimal RMD approach
- Potential guaranteed income options
- Ways to maximize tax efficiency
Please be advised: Wise Choice Planning, LLC specializes in advanced financial services and strategies. While we work closely with our clients’ existing legal and tax representatives, we do not act as attorneys or CPAs. Our firm has partnerships with additional legal and tax resources to provide further assistance when needed, but we always encourage our clients to consult with their own legal and tax professionals for specific advice in these areas.
Leave a Reply