Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone, welcome back to another episode of Ready for Retirement.

I'm your host, James Knoll.

Today's episode is all about reducing your required minimum distributions and the strategies that you have access to that can help you

to reduce your required minimum distributions. And we're talking about this because a very common

question is how do we reduce these RMDs? The larger my RMD or the larger my required

distribution, the larger my tax bill is going to be in the future or maybe even potentially

today if you're

already at RMD age. So is there a way to manage the size of that IRA to effectively manage that

required distribution? And that's what we're going to discuss today. So this episode is based

upon a listener question. This question comes from Richard. Richard, thank you very much for this

question. And for everyone else listening, if you have a question, please don't be shy to submit it.

I can keep your information anonymous if you would wish. I usually only use first name, but even if you

prefer, I can keep that out. It's really just a chance for you to submit your question, for me to go

through a framework of the way I would think about it to give you some specifics

to think about, but also help everyone else. Because what I come to see is the same people face

the same issues and the same challenges. And your question isn't just beneficial to you or the

answer is not just beneficial to you. It's beneficial to so many other people. So really appreciate all of you submitting

your questions. This one comes from Richard. And Richard says this. He says, hi, James. I love your

podcasts. I find them informative, easy to understand, and very relevant. You always provide great

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