WEBVTT 00:00:00.000 --> 00:00:02.819 Welcome. You're tuning in for a deep dive that 00:00:02.819 --> 00:00:04.919 honestly could save you a significant chunk of 00:00:04.919 --> 00:00:07.080 your retirement savings. That's right. Today 00:00:07.080 --> 00:00:09.019 we're tackling something really key for you, 00:00:09.060 --> 00:00:10.960 especially if you've diversified into precious 00:00:10.960 --> 00:00:14.720 metals within your IRA. We're talking gold IRA 00:00:14.720 --> 00:00:19.620 required minimum distributions, RMDs. Yep, RMDs. 00:00:19.820 --> 00:00:22.519 And we're drawing from some great insights by 00:00:22.519 --> 00:00:24.780 Doug Young, who's really an expert in financial 00:00:24.780 --> 00:00:27.140 investing, especially precious metals. So our 00:00:27.140 --> 00:00:29.280 mission today really is to cut through the confusion. 00:00:29.440 --> 00:00:33.619 We want to make these gold IRA RMD rules clear 00:00:33.619 --> 00:00:36.600 for you. Exactly. We'll cover the why, the deadlines. 00:00:36.700 --> 00:00:38.219 You really don't want to miss those, how you 00:00:38.219 --> 00:00:40.479 figure out the amount, and importantly, your 00:00:40.479 --> 00:00:42.399 options for actually taking the distribution. 00:00:42.880 --> 00:00:45.500 Consider this your guide to handling this correctly 00:00:45.500 --> 00:00:47.759 and without stress. Let's get into it. Okay, 00:00:47.859 --> 00:00:51.079 so first off, why? Why does the IRS make us take 00:00:51.079 --> 00:00:53.789 money out of... feels a bit backward when you're 00:00:53.789 --> 00:00:55.590 saving for retirement? That's a really common 00:00:55.590 --> 00:00:58.969 question. And it really boils down to taxes. 00:00:58.969 --> 00:01:01.469 Simple as that, almost. Taxes. Yeah, these accounts, 00:01:01.530 --> 00:01:03.549 like your gold IRA, they give you that great 00:01:03.549 --> 00:01:05.650 tax deferral while the money grows, right? Right. 00:01:05.670 --> 00:01:09.810 No taxes year to year. Exactly. So RMDs are basically 00:01:09.810 --> 00:01:12.230 the government's way of saying, OK, time to pay 00:01:12.230 --> 00:01:15.109 the piper. It ensures those deferred taxes eventually 00:01:15.109 --> 00:01:19.030 get paid. It prevents people from deferring taxes 00:01:19.030 --> 00:01:21.250 forever. And keeps everything compliant. Yeah. 00:01:21.319 --> 00:01:25.900 Got it. But what happens if you slip up? If you 00:01:25.900 --> 00:01:28.060 miss taking an RMD, I hear the penalty isn't 00:01:28.060 --> 00:01:29.879 trivial. Oh, it's definitely not trivial. And 00:01:29.879 --> 00:01:31.420 this is where you really need to pay attention. 00:01:31.599 --> 00:01:35.459 The penalty is a hefty 25 % of the amount you 00:01:35.459 --> 00:01:38.879 should have withdrawn but didn't. 25%. Wow. Yeah. 00:01:39.019 --> 00:01:41.780 So let's say your RMD was $10 ,000. If you miss 00:01:41.780 --> 00:01:45.000 it, that's a $2 ,500 penalty right there. Poof. 00:01:45.280 --> 00:01:48.040 Ouch. OK, so understanding this literally saves 00:01:48.040 --> 00:01:50.829 you money. big money potentially. Precisely. 00:01:50.989 --> 00:01:53.170 Knowing the rules protects your retirement funds 00:01:53.170 --> 00:01:56.189 from these, well, pretty costly mistakes. So 00:01:56.189 --> 00:01:58.780 let's talk timing. For you listening, when does 00:01:58.780 --> 00:02:01.500 this RMD obligation actually start? What's the 00:02:01.500 --> 00:02:04.540 age? OK, the key age to remember now is 73. That 00:02:04.540 --> 00:02:07.159 got updated by the Secure 2 .0 Act fairly recently. 00:02:07.439 --> 00:02:09.939 73. Now, for your first RMD, there's a bit of 00:02:09.939 --> 00:02:12.819 a grace period. The deadline is April 1st of 00:02:12.819 --> 00:02:15.180 the year after the year you turn 73. Can you 00:02:15.180 --> 00:02:17.020 give an example? That sounds a bit tricky. Sure. 00:02:17.259 --> 00:02:20.919 So if you turn 73 any time in 2024, let's say. 00:02:21.840 --> 00:02:25.319 Your first RMD isn't technically due until April 00:02:25.319 --> 00:02:28.639 1st, 2025. April 1st, 2025. OK, that's clear. 00:02:29.120 --> 00:02:31.139 But that's just the first one. Correct. Only 00:02:31.139 --> 00:02:33.939 the first one gets that April 1st deadline. For 00:02:33.939 --> 00:02:36.500 every year after that, your RMD has to be taken 00:02:36.500 --> 00:02:39.919 by December 31st. That's the ongoing date to 00:02:39.919 --> 00:02:42.680 remember that. That's the one. And it's important 00:02:42.680 --> 00:02:44.699 to mention this applies to traditional IRAs, 00:02:44.879 --> 00:02:47.080 including your gold IRAs. Roth IRAs are different. 00:02:47.229 --> 00:02:50.370 Ah, right. Roths don't have RMDs for the original 00:02:50.370 --> 00:02:52.349 owner, do they? Nope, not during your lifetime. 00:02:52.469 --> 00:02:54.590 That's a key difference. What about inheriting 00:02:54.590 --> 00:02:58.750 a gold IRA, say, from a parent? Do the same rules 00:02:58.750 --> 00:03:02.270 apply then? Ah, inherited IRAs. That's a whole 00:03:02.270 --> 00:03:04.569 different ballgame, really. The rules depend 00:03:04.569 --> 00:03:06.590 heavily on who you inherited it from, like if 00:03:06.590 --> 00:03:09.580 you're a spouse or not. Often, for non -spouse 00:03:09.580 --> 00:03:11.840 beneficiaries, there's something called the 10 00:03:11.840 --> 00:03:14.400 -year rule now. You might have to empty the entire 00:03:14.400 --> 00:03:16.840 account within 10 years. The whole thing in 10 00:03:16.840 --> 00:03:19.240 years, wow. Yeah, but, and this is important, 00:03:19.379 --> 00:03:21.800 even with that 10 -year clock ticking, you might 00:03:21.800 --> 00:03:24.280 still have to take annual RMDs within that period. 00:03:24.479 --> 00:03:26.479 It depends on the specifics, like the original 00:03:26.479 --> 00:03:29.139 owner's age and your own life expectancy. OK, 00:03:29.159 --> 00:03:31.560 so inheriting definitely means you need to dig 00:03:31.560 --> 00:03:34.139 into those specific rules. Absolutely. It can 00:03:34.139 --> 00:03:36.259 get complex, so double -check if that applies 00:03:36.259 --> 00:03:38.650 to you. All right, so we know the when. Now the 00:03:38.650 --> 00:03:42.629 big question, how do you calculate how much you 00:03:42.629 --> 00:03:44.949 need to take out of your gold IRA each year? 00:03:45.469 --> 00:03:49.009 OK, the calculation itself is thankfully pretty 00:03:49.009 --> 00:03:51.530 logical. It's basically a three step process. 00:03:51.629 --> 00:03:54.129 Three steps. Let's hear them. Step one, you need 00:03:54.129 --> 00:03:56.090 your starting point, which is the fair market 00:03:56.090 --> 00:03:59.389 value of your gold IRA assets, specifically the 00:03:59.389 --> 00:04:02.289 value as of December 31st of the previous year. 00:04:02.569 --> 00:04:04.789 Previous year's end value. Where do you get that 00:04:04.789 --> 00:04:06.969 number? Does the custodian provide it? Usually, 00:04:07.110 --> 00:04:10.270 yes. Your IRA custodian should send you a statement 00:04:10.270 --> 00:04:12.449 with that year in valuation. Makes it easier. 00:04:12.789 --> 00:04:16.970 Good. Okay, step one. Get the December 31 value. 00:04:17.230 --> 00:04:20.430 What's step two? Step two involves finding your 00:04:20.430 --> 00:04:23.449 life expectancy factor. The IRS has tables for 00:04:23.449 --> 00:04:26.649 this. You'll find them in publication 590B. IRS 00:04:26.649 --> 00:04:29.829 publication 590B. Okay. Most people will use 00:04:29.829 --> 00:04:32.370 the table called the uniform lifetime table. 00:04:32.670 --> 00:04:34.769 You just look up your age for the distribution 00:04:34.769 --> 00:04:36.689 year and it gives you a number, a divisor. A 00:04:36.689 --> 00:04:39.170 divisor based on your age from an IRS table. 00:04:39.329 --> 00:04:41.670 Got it. What's the final step? Step three is 00:04:41.670 --> 00:04:43.910 just simple math. You take that account balance 00:04:43.910 --> 00:04:46.490 from step one. The December 31st value. Right. 00:04:46.639 --> 00:04:48.879 and you divide it by that life expectancy factor 00:04:48.879 --> 00:04:51.000 you found in step two. Balance divided by factor. 00:04:51.319 --> 00:04:53.480 Exactly. And the result, that's your RMD for 00:04:53.480 --> 00:04:54.899 the year, the amount you have to withdraw. Can 00:04:54.899 --> 00:04:56.740 we use the example from the article just to see 00:04:56.740 --> 00:04:59.279 the number? Sure. So let's say your gold IRA 00:04:59.279 --> 00:05:02.180 balance was $200 ,000 at the end of last year. 00:05:02.180 --> 00:05:05.319 OK. And based on your age, your life expectancy 00:05:05.319 --> 00:05:08.279 factor from the table is, say, 24 .6. Right. 00:05:08.420 --> 00:05:11.279 You divide $200 ,000 by 24 .6. That comes out 00:05:11.279 --> 00:05:17.060 to $8 ,130 .08. That's your RMD. $8 ,130 .08. 00:05:18.019 --> 00:05:20.459 Okay, that calculation seems manageable, but 00:05:20.459 --> 00:05:22.759 with a gold IRA, it's not like taking cash out 00:05:22.759 --> 00:05:24.980 of a savings account. How do you actually take 00:05:24.980 --> 00:05:27.060 that distribution? What are the options? That's 00:05:27.060 --> 00:05:29.480 a great point. It's physical assets, potentially. 00:05:30.019 --> 00:05:31.800 So you do have a few ways to handle it. Like 00:05:31.800 --> 00:05:34.379 what? Well, option one is you can actually take 00:05:34.379 --> 00:05:37.079 physical possession of the gold. the bars or 00:05:37.079 --> 00:05:39.439 coins. Really? They send you the gold? Yes, an 00:05:39.439 --> 00:05:42.399 in -kind distribution. But crucially, the value 00:05:42.399 --> 00:05:44.779 of that gold when you withdraw it must meet your 00:05:44.779 --> 00:05:47.180 RMD amount. You need an accurate valuation at 00:05:47.180 --> 00:05:51.139 that moment. So using that $8 ,130 example, if 00:05:51.139 --> 00:05:54.319 gold was, say, $2 ,000 an ounce. You'd need to 00:05:54.319 --> 00:05:57.500 withdraw just over four ounces of gold to satisfy 00:05:57.500 --> 00:06:00.000 that RMD, and then you have the physical gold 00:06:00.000 --> 00:06:02.339 to store or sell yourself. OK, that involves 00:06:02.339 --> 00:06:04.240 logistics. What if you don't want the physical 00:06:04.240 --> 00:06:06.180 metal? Right. The second option is probably more 00:06:06.180 --> 00:06:08.839 common. You instruct your custodian to sell a 00:06:08.839 --> 00:06:11.240 portion of the gold inside your IRA. Sell it 00:06:11.240 --> 00:06:14.079 first, then take the cash. Exactly. They sell 00:06:14.079 --> 00:06:16.579 enough gold to cover your RMD amount, say that 00:06:16.579 --> 00:06:20.220 $8 ,130, and then they distribute that cash to 00:06:20.220 --> 00:06:22.639 you. Much more straightforward for many people. 00:06:22.819 --> 00:06:25.779 Avoids handling the metal directly. Makes sense. 00:06:26.040 --> 00:06:28.699 Is there a third way? Yes, there is. You can 00:06:28.699 --> 00:06:31.060 also transfer the gold itself out of the IRA 00:06:31.060 --> 00:06:33.379 and into a different type of account, like a 00:06:33.379 --> 00:06:36.040 regular taxable brokerage account. So the gold 00:06:36.040 --> 00:06:38.480 moves, but you don't sell it immediately. Correct. 00:06:38.860 --> 00:06:41.399 It's still considered a distribution for RMD 00:06:41.399 --> 00:06:43.540 purposes, the fair market value at the time of 00:06:43.540 --> 00:06:45.920 transfer counts. This lets you keep the gold 00:06:45.920 --> 00:06:48.600 investment just outside the IRA. Interesting. 00:06:48.920 --> 00:06:51.259 So you satisfy the RMD, but maintain exposure 00:06:51.259 --> 00:06:53.680 to gold prices. Precisely. But you need to make 00:06:53.680 --> 00:06:56.240 sure it's handled correctly as a proper transfer, 00:06:56.740 --> 00:06:58.860 usually trustee to trustee, to avoid issues. 00:06:59.120 --> 00:07:01.040 Good to know. We mentioned the penalty earlier, 00:07:01.160 --> 00:07:03.600 that 25%. Let's just hammer that home again. 00:07:04.019 --> 00:07:05.620 What exactly happens if you miss the deadline? 00:07:05.720 --> 00:07:08.759 Yeah. It bears repeating because it's significant. 00:07:08.980 --> 00:07:10.879 It's officially called the excess accumulation 00:07:10.879 --> 00:07:14.220 penalty, 25 % of the shortfall. So if your RMD 00:07:14.220 --> 00:07:16.899 was $4 ,000 and you just forget. You owe the 00:07:16.899 --> 00:07:21.339 IRS a $1 ,000 penalty. Straight up. Plus, you 00:07:21.339 --> 00:07:23.600 still have to withdraw that $4 ,000 eventually 00:07:23.600 --> 00:07:26.379 and pay regular income tax on it. So it's the 00:07:26.379 --> 00:07:29.199 penalty on top of the withdrawal on taxes. Definitely 00:07:29.199 --> 00:07:32.160 something to avoid. Absolutely. Staying organized 00:07:32.160 --> 00:07:34.589 is key here. But what if... You know, life happens. 00:07:34.769 --> 00:07:37.310 You realize after the deadline, oh no, I missed 00:07:37.310 --> 00:07:39.449 it. Is there anything you can do? Are you just 00:07:39.449 --> 00:07:41.250 stuck with the penalty? Not necessarily stuck, 00:07:41.310 --> 00:07:43.970 but you need to act fast. First, take out the 00:07:43.970 --> 00:07:46.370 missed amount immediately, ASOP. OK, withdraw 00:07:46.370 --> 00:07:49.029 it right away. Then you have to file IRS form 00:07:49.029 --> 00:07:52.769 5329. That's the form for reporting this kind 00:07:52.769 --> 00:07:55.290 of thing and calculating the penalty. Form 5329, 00:07:55.689 --> 00:07:58.050 got it. But here's a potentially helpful part. 00:07:58.319 --> 00:08:02.620 The IRS might waive the penalty. Oh. If you can 00:08:02.620 --> 00:08:04.959 show the mistake was due to a reasonable error 00:08:04.959 --> 00:08:07.120 and you're taking steps to fix it, like withdrawing 00:08:07.120 --> 00:08:08.959 the money quickly, you can request a waiver. 00:08:09.480 --> 00:08:11.540 You'd attach a letter explaining the situation 00:08:11.540 --> 00:08:14.379 to your Form 5329. OK, so there's a possibility 00:08:14.379 --> 00:08:16.949 of relief if it was an honest mistake. Yes, and 00:08:16.949 --> 00:08:19.670 there's another point too. If you catch and correct 00:08:19.670 --> 00:08:22.329 the error within two years, the penalty actually 00:08:22.329 --> 00:08:26.230 drops from 25 % down to 10%. 10 % is still a 00:08:26.230 --> 00:08:29.089 hit, but much better than 25%. Definitely better. 00:08:29.310 --> 00:08:31.269 So prompt correction helps even if you don't 00:08:31.269 --> 00:08:33.649 get a full waiver. These details are really useful. 00:08:33.929 --> 00:08:35.889 Let's make this even more concrete for you listening. 00:08:36.269 --> 00:08:37.970 The article had some good examples. Can we walk 00:08:37.970 --> 00:08:40.090 through those, like John with his traditional 00:08:40.090 --> 00:08:43.789 gold IRA? Sure. So John is 76. His gold IRA was 00:08:43.789 --> 00:08:46.210 worth $200 ,000 at the end of last year. Okay. 00:08:46.509 --> 00:08:49.669 We look up his age, 76, on the uniform lifetime 00:08:49.669 --> 00:08:53.009 table. Let's say his factor is 23 .7. Right. 00:08:53.289 --> 00:08:56.990 So his RMD calculation is $200 ,000 divided by 00:08:56.990 --> 00:09:02.610 23 .7. That works out to about $8 ,438 .82. And 00:09:02.610 --> 00:09:04.830 he could take that as physical gold, cash from 00:09:04.830 --> 00:09:08.049 selling gold, or a transfer. Exactly. He has 00:09:08.049 --> 00:09:10.009 those three distribution options we discussed 00:09:10.009 --> 00:09:13.429 to meet that $8 ,438 requirement. What about 00:09:13.429 --> 00:09:16.169 the inherited IRA example, Susan? Right. Susan 00:09:16.169 --> 00:09:18.409 inherited a gold IRA from her father. She's not 00:09:18.409 --> 00:09:20.710 his spouse, so she likely falls under that 10 00:09:20.710 --> 00:09:22.110 -year rule we mentioned. Meaning the account 00:09:22.110 --> 00:09:24.450 has to be zeroed out within a decade. Generally, 00:09:24.450 --> 00:09:27.029 yes. But the key thing for Susan is that she 00:09:27.029 --> 00:09:29.710 probably still needs to take annual RMDs during 00:09:29.710 --> 00:09:31.769 those 10 years. It's not just weight and empty 00:09:31.769 --> 00:09:35.009 at the end. Ah, OK. Based on the inherited account's 00:09:35.009 --> 00:09:37.679 balance? and her own life expectancy. That's 00:09:37.679 --> 00:09:39.860 usually how it works for inherited RMDs within 00:09:39.860 --> 00:09:42.220 that 10 -year window. Again, the specifics matter, 00:09:42.419 --> 00:09:44.919 but annual withdrawals are often required. Inherited 00:09:44.919 --> 00:09:47.320 rules definitely seem like something to get professional 00:09:47.320 --> 00:09:49.460 advice on if it applies to you. Highly recommended. 00:09:49.799 --> 00:09:52.679 OK, one more example. Mary, who has multiple 00:09:52.679 --> 00:09:55.500 IRAs, including the Guild IRA, how does that 00:09:55.500 --> 00:09:58.230 work? This is a really helpful scenario for a 00:09:58.230 --> 00:10:01.370 lot of people. Mary has, say, a regular traditional 00:10:01.370 --> 00:10:04.610 IRA, maybe another one, and a gold IRA. OK, three 00:10:04.610 --> 00:10:07.350 accounts. Right. So first, she calculates the 00:10:07.350 --> 00:10:09.929 RMD for each account separately using its own 00:10:09.929 --> 00:10:12.549 December 31st balance and her life expectancy 00:10:12.549 --> 00:10:15.149 factor. Calculate for each one. then add them 00:10:15.149 --> 00:10:18.710 up. Exactly. She adds up the individual RMD amounts 00:10:18.710 --> 00:10:21.470 to get her total RMD obligation for the year 00:10:21.470 --> 00:10:24.590 across all her traditional IRAs. Let's say it 00:10:24.590 --> 00:10:28.830 totals $19 ,607 .84. So that's the total she 00:10:28.830 --> 00:10:30.789 needs to withdraw. Does she have to take a bit 00:10:30.789 --> 00:10:33.009 from each account? No, and this is the flexible 00:10:33.009 --> 00:10:36.730 part. The IRS lets her take that total RMD, the 00:10:36.730 --> 00:10:41.929 $19 ,607 .84 from any single one of her traditional 00:10:41.929 --> 00:10:44.909 IRAs, or any combination she chooses. Oh, interesting. 00:10:45.029 --> 00:10:47.029 So she could take the entire amount just from 00:10:47.029 --> 00:10:49.539 her regular IRA, even though... Part of the calculation 00:10:49.539 --> 00:10:51.820 came from the gold IRA. Precisely. Or take it 00:10:51.820 --> 00:10:54.399 all from the gold IRA, or split it however works 00:10:54.399 --> 00:10:57.200 best for her, as long as the total amount withdrawn 00:10:57.200 --> 00:11:00.419 across all traditional IRAs meets the total calculated 00:11:00.419 --> 00:11:03.240 RMD. That's great flexibility if you want to, 00:11:03.240 --> 00:11:06.360 say, leave the gold untouched one year. Exactly. 00:11:06.460 --> 00:11:09.120 It gives you strategic options. Speaking of strategy, 00:11:09.240 --> 00:11:12.039 let's touch on timing that first RMD again. You 00:11:12.039 --> 00:11:13.940 mentioned the deadline is April 1st of the year 00:11:13.940 --> 00:11:16.480 after turning 73, but you can take it in the 00:11:16.480 --> 00:11:19.039 year you turn 73. Any reason to do one versus 00:11:19.039 --> 00:11:21.440 the other? It mainly comes down to your tax situation. 00:11:21.519 --> 00:11:23.720 You have that window. If you delay taking the 00:11:23.720 --> 00:11:26.159 first RMD until that April 1st deadline. Which 00:11:26.159 --> 00:11:28.539 is in the year after you turn 73. Right. You 00:11:28.539 --> 00:11:30.080 need to remember that you'll also have to take 00:11:30.080 --> 00:11:32.440 your second RMD, the one for that current year, 00:11:32.779 --> 00:11:35.690 by December 31st of that same year. Ah, so you 00:11:35.690 --> 00:11:38.830 end up taking two RMDs in one calendar year if 00:11:38.830 --> 00:11:41.029 you delay the first one. Correct. You take the 00:11:41.029 --> 00:11:44.669 year one RMD delayed and the year two RMD both 00:11:44.669 --> 00:11:47.009 in year two. And that could potentially bump 00:11:47.009 --> 00:11:49.070 you into a higher tax bracket for that year. 00:11:49.210 --> 00:11:51.669 That's the risk. Taking two distributions in 00:11:51.669 --> 00:11:54.309 one year means more taxable income reported for 00:11:54.309 --> 00:11:56.370 that year. So you need to weigh that against 00:11:56.370 --> 00:11:58.230 maybe taking the first one in the year you actually 00:11:58.230 --> 00:12:01.289 turn 73. It's a planning point. A very important 00:12:01.289 --> 00:12:04.309 planning point. The article also framed RMDs 00:12:04.110 --> 00:12:06.789 not just as something you have to do, but maybe 00:12:06.789 --> 00:12:09.149 as an opportunity, like for diversification. 00:12:09.409 --> 00:12:11.049 Yeah, I think that's a smart way to look at it. 00:12:11.090 --> 00:12:14.470 Once that RMD money comes out of the IRA, It's 00:12:14.470 --> 00:12:17.029 free from those specific IRA rules. It's in your 00:12:17.029 --> 00:12:19.070 hands, essentially. Right. So you can then decide 00:12:19.070 --> 00:12:21.070 what to do with it. You could reinvest it in 00:12:21.070 --> 00:12:24.750 a normal taxable brokerage account, maybe diversifying 00:12:24.750 --> 00:12:27.149 into assets you don't hold in your IRA, like 00:12:27.149 --> 00:12:29.629 different stocks, bonds, maybe even real estate 00:12:29.629 --> 00:12:31.909 funds. Broaden your overall portfolio. Exactly. 00:12:32.529 --> 00:12:34.870 Or for those listeners who are charitably minded, 00:12:35.129 --> 00:12:37.470 you might look into doing a qualified charitable 00:12:37.470 --> 00:12:41.289 distribution or QCD. A QCD? How does that work? 00:12:41.450 --> 00:12:44.409 You can direct your RMD up to a certain limit 00:12:44.409 --> 00:12:47.330 directly from your IRA to a qualified charity. 00:12:47.769 --> 00:12:50.190 The advantage is that the amount sent via QCD 00:12:50.190 --> 00:12:52.590 isn't typically counted as taxable income for 00:12:52.590 --> 00:12:55.409 you, but it does satisfy your RMD requirement. 00:12:55.610 --> 00:12:57.629 Oh, that sounds like a potential win -win if 00:12:57.629 --> 00:13:00.070 you plan to give to charity anyway. It can be, 00:13:00.110 --> 00:13:02.610 yes. Definitely something to explore if it fits 00:13:02.610 --> 00:13:05.529 your goals. So the RMD forces the money out, 00:13:05.549 --> 00:13:08.289 but you control where it goes next. This has 00:13:08.289 --> 00:13:10.899 been incredible. helpful. It really feels like 00:13:10.899 --> 00:13:13.440 understanding these gold IRA RMDs isn't just 00:13:13.440 --> 00:13:15.899 about avoiding penalties, although that's huge. 00:13:16.019 --> 00:13:17.639 It's crucial, yeah. But that's also about knowing 00:13:17.639 --> 00:13:20.259 your options and maybe even using this mandatory 00:13:20.259 --> 00:13:22.879 process to your advantage in your overall retirement 00:13:22.879 --> 00:13:25.600 strategy. Absolutely. Being proactive is key. 00:13:25.879 --> 00:13:28.379 Keep an eye on the rules as they can change like 00:13:28.379 --> 00:13:30.830 the age limit did recently. Good point. things 00:13:30.830 --> 00:13:33.169 evolve. And you know, while we've covered a lot, 00:13:33.429 --> 00:13:35.330 talking to a qualified financial advisor about 00:13:35.330 --> 00:13:38.149 your specific situation, your assets, your goals, 00:13:38.750 --> 00:13:40.549 that's always a smart move. They can help tailor 00:13:40.549 --> 00:13:44.710 a plan. Sound advice. So for you, our listener, 00:13:45.509 --> 00:13:47.549 as you think about all this, here's something 00:13:47.549 --> 00:13:50.289 to consider. You've got flexibility in how you 00:13:50.289 --> 00:13:53.279 take that RMD. the physical goal, the cash, the 00:13:53.279 --> 00:13:55.679 transfer, and you have options for what you do 00:13:55.679 --> 00:13:58.580 with those funds afterwards. Right. So how might 00:13:58.580 --> 00:14:01.559 really mastering these RMD rules open up some 00:14:01.559 --> 00:14:04.080 new strategic possibilities for your wider financial 00:14:04.080 --> 00:14:06.519 picture in retirement? Beyond just compliance, 00:14:06.879 --> 00:14:09.279 how can it help shape your future? That's a great 00:14:09.279 --> 00:14:11.320 question to ponder. Definitely some powerful 00:14:11.320 --> 00:14:12.659 food for thought. Thanks so much for joining 00:14:12.659 --> 00:14:13.460 us for this deep dive.