Retiring With $2M+ in Pre-Tax? Your First RMD Has a Built-In Trap

Within 10 years of retirement? Each week, we break down a key retirement decision with real numbers. Join free: https://www.hapfinancial.com/ytsubscr... Should you delay your first RMD to April 1? On a $2 million IRA, waiting can stack two required minimum distributions, roughly $150,000, into one tax year, pushing you into a higher bracket and raising capital gains taxes, Medicare premiums, and the cost of Roth conversions. Here's how the first RMD deadline works and when delaying actually makes sense. ▶️ WATCH NEXT 👇    • Your Age 63 Tax Return Sets Your Age 65 Me...   SUBSCRIBE TO SEASONS OF WEALTH ON YOUTUBE    / @hapanowicz-financial   🤔 ABOUT THIS VIDEO Bobby Hapanowicz explains the first RMD deadline, the April 1 grace period, and the potential tax consequences of taking two distributions in one year. He also covers when delaying may be worth considering and how Roth conversions, strategic IRA withdrawals, and qualified charitable distributions can fit into a retirement tax plan. The goal is to make thoughtful decisions about your taxes over the course of retirement, rather than focusing on one year's tax bill in isolation. 📖 Chapter Timestamps 0:00 The first RMD deadline trap 1:04 How delaying your first RMD works 2:20 The hidden tax and Medicare costs 4:03 When delaying may make sense 5:15 The planning window before RMDs begin 6:39 The first RMD decision rule ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ABOUT HAPANOWICZ FINANCIAL Bobby Hapanowicz helps pre-retirees within a few years of their last paycheck — typically with $2M–$10M in investable assets — navigate Social Security timing, Roth conversions, RMDs, and retirement tax planning. Hapanowicz Financial is based in Pittsburgh and serves clients nationally. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚠️ DISCLAIMER: This content is for educational and informational purposes only and is not individualized investment, tax, or legal advice. Investment advisory services are offered through Hapanowicz & Associates Financial Services, Inc., an SEC-registered investment adviser. Registration does not imply a certain level of skill or training. Consult a qualified professional regarding your specific situation. #HapanowiczFinancial #SeasonsOfWealth #BobbyHapanowicz