Dan and Katelyn discuss two important retirement income decisions: preparing for required minimum distributions (RMDs) and determining whether delaying Social Security benefits until age 70 makes sense.
Check Out Our Next FERS Webinar for Federal Employees -
The Fed15 Podcast | Ep. 153 RMD Planning Before It’s Too Late + How to Delay Social Security to 70
Dan explains how required minimum distributions (RMDs) can impact taxes, Social Security taxation, and future Medicare premiums. He covers the SECURE 2.0 changes to RMD ages, common mistakes federal retirees make before their first RMD, and strategies that may help reduce future tax shocks through gap-year planning, withdrawal coordination, Roth conversions, and Qualified Charitable Distributions (QCDs).
Katelyn explores how federal employees can build a Social Security bridge strategy when delaying benefits until age 70. She discusses creating an income floor using a FERS pension, funding the gap years with TSP withdrawals, part-time work, and other savings, while managing taxes and IRMAA concerns. She also explains how delaying benefits can strengthen survivor income and when waiting until 70 may or may not fit a retirement plan
Like and Subscribe on YouTube at YouTube.com/FedLife
“Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Lee, Sipe & Associates, Inc. is not a registered broker/dealer and is independent of Raymond James. Content represents the opinions of the speaker and not necessarily those of Raymond James. Important Disclosure Information: http://raymondjames.com/smicd.htm.
