In this episode of the Providence Financial Retirement Show, we break down the key rules behind Required Minimum Distributions (RMDs) and the mistakes that can trigger steep IRS penalties.

You'll learn how RMD amounts are calculated, why they change year to year, and the critical "aggregation rules" that determine which retirement accounts can (and cannot) be combined when taking withdrawals. The episode also explains one of the most common and costly errors: taking an RMD from the wrong account type, and how that can still result in penalties even if you withdrew the correct total amount.

Finally, we explain why proactive planning, including Roth conversions, can help reduce future RMD pressure and give retirees more control over taxable income in retirement. Listen in.

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