Have you heard of required minimum distributions (RMDs) but aren’t sure how they impact your retirement plan? In this episode of Coffee with Your Retirement Coach, Nic and I unpack everything you need to know about RMD rules, retirement income planning, and tax-smart strategies to avoid costly mistakes.

We’ll explain what RMDs are, when they start, how they’re calculated, and the tax implications you need to prepare for. Plus, we share real stories of retirees who were blindsided by RMD requirements—and how the right planning can help you reduce taxes, stay in control of your money, and enjoy retirement with confidence. Whether you’re approaching age 73 or just getting started with retirement planning, this episode will help you build a smarter strategy for your future.

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⏰ Episode Timeline

- [1:00] - Why **required minimum distributions** (RMDs) are a critical part of retirement income planning

- [2:20] - Which retirement accounts are subject to RMD rules (and why Roth IRAs are an exception)

- [3:37] - A powerful story: an engineer nearing retirement who had no idea about RMDs

- [5:42] - How RMDs are calculated using your year-end balance and the IRS life expectancy tables

- [7:33] - Flexibility in choosing which retirement account to withdraw from—and key caveats to know

- [9:11] - The truth about how RMDs are taxed as ordinary income, and one costly mistake to avoid

- [11:12] - Why you need an **RMD strategy** before age 73: Roth conversions, charitable giving, and more

- [12:36] - How market growth and IRS rules can push you into higher tax brackets over time

- [14:24] - A client story showing why even some CPAs misunderstand required minimum distributions

- [16:20] - Free resource: our **one-page RMD worksheet** to prepare for conversations with your CPA or advisor

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🔗 Links & Resources

- Request the RMD CPA Worksheet by emailing: [connect@yourretirementcoach.com](mailto:connect@yourretirementcoach.com)

- Learn more at [Yeoman’s Consulting Group](https://yourretirementcoach.com/)

If you found this episode helpful, please rate, follow, review, and share Coffee with Your Retirement Coach.

📬 Questions?

Email: connect@yourretirementcoach.com

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Thinking about buying a car? Before you sign on the dotted line, grab your coffee and join me and our coach on the clipboard, Nic, as we share *proven* car-buying strategies that can save you thousands. Whether you’re eyeing a new, used, or certified pre-owned vehicle, this episode reveals how to negotiate like a pro, avoid dealership traps, and understand the *true* cost of ownership.

We’ll break down the difference between sales price and “Out the Door” pricing, how to factor in maintenance, insurance, fuel, and even resale value. Plus, you’ll hear how Nic saved a client $11,000 on a Lexus and why buying an unpopular car at the right time can be a genius money move. This is your roadmap to a smarter, stress-free car purchase—no buyer’s remorse required.

**Episode Timeline:**

[00:40] - Why most people overpay for cars—and how to avoid it.

[02:22] - The “time limit” tactic that makes dealerships work faster.

[05:20] - Real story: How research turned a $11K overpay into a huge win.

[08:00] - New vs. used: The millionaire’s approach to vehicle buying.

[12:28] - Calculating total cost of ownership (insurance, fuel, and more).

[16:45] - “Out the Door” pricing: The number that *really* matters.

[22:33] - The contrarian strategy: Why buying the car nobody wants can be brilliant.

**Links & Resources:**

- *The Millionaire Next Door* by Thomas J. Stanley & William D. Danko

- MSN Autos: [msn.com/autos](https://www.msn.com/autos)

If you found this episode helpful, please **rate, follow, review, and share** *Coffee with Your Retirement Coach*. It’s the easiest way to help others save money and drive away happy!

📬 Questions?

Email: connect@yourretirementcoach.com

Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972

🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

In this episode, we tackle one of the most overlooked and impactful ways to give—through appreciated assets. Whether you’re thinking about supporting your church or blessing a loved one, we break down how to give more wisely and tax-efficiently. This conversation was inspired by a listener from Marietta, and we couldn’t resist diving deeper into this topic that stirs up both generosity and smart planning.

Join Randy, Nic, and me (Aaron) as we explore two powerful angles: giving to charities versus giving to individuals. You’ll hear real-life stories, key strategies to avoid unnecessary taxes, and tips on how to be generous without creating financial complications for your recipients. If you’ve ever wondered whether to write a check or gift appreciated stock instead—this episode’s for you.

Episode Timeline:

• [0:00] Welcome & Introduction
• [0:30] Two Paths for Giving: Cash vs. Appreciated Assets
• [1:08] Giving to Charity: The Charitable Version
• [2:09] Real-Life Example: Gifting to Family
• [4:16] Gift Tax Rules & Bracket Management
• [5:38] Special Considerations: Disabilities & Financial Aid
• [7:27] Generosity Spurs Generosity
• [8:24] Key Takeaways & Final Thoughts
• [8:54] Disclaimers & Contact Info

Key Takeaways:

• Donating appreciated assets can help you avoid capital gains taxes and provide a bigger benefit to charities.
• Gifting investments to family members in lower tax brackets can be a win-win, but be mindful of gift tax limits and special situations.
• Always seek professional advice to ensure your generosity doesn’t unintentionally impact someone’s benefits or financial aid.

Links & Resources:

• Email us your questions: connect@yourretirementcoach.com
• Connect with us on Facebook: https://www.facebook.com/profile.php?id=100063585099972
• Learn more about our team: Yeoman’s Consulting Group

Thanks for being generous with your time. If you enjoyed today’s episode, please follow, rate, and share the podcast. And don’t forget to leave us a review—your feedback helps us serve more coachable people like you!

🛑 Disclaimer: Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.