))
Tax-Saving Strategies with Required Minimum Distributions
Manage episode 393315988 series 2815037
المحتوى المقدم من Shawn Terrell. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Shawn Terrell أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
It's common for dentists to defer clinical and dental practice owner income into a 401(k), Profit Sharing Plan, or IRA during their peak earning years.
That's often a wise strategy to lower a dentist's lifetime tax bill.
But the IRS won't let a dentist avoid that tax bill forever. Required Minimum Distributions begin at a certain age.
If a dentist wants to play the long-term tax game to the best of their ability, it's critical they develop a strategy for RMD's well before they become mandated.
In this episode Dentists, Puns, & Money, Shawn Terrell shares some strategies associated with Required Minimum Distributions.
Listen to learn more about:
- The benefits of planning and formulating RMD strategies.
- The downsides of being reactive instead of proactive with deferred tax accounts.
- How to think about the time window for executing RMD strategies.
Find out more about how our firm helps dentists exiting clinical with tax planning and income optimization by visiting our website, which is dentistexit.com.
-------------------------------
To download a free copy of the 2023 Tax Reference Guide, click here.
-----------------------------------
Dentist Exit Planning Resources:
Website: dentistexit.com
Schedule a Discovery Meeting with Shawn
Sign-Up for Dentist Exit Email Newsletter
------------------------------------
Follow Dentist Exit on Social Media:
87 حلقات
مشاركة
