This is a short financial-advice clip from Craig Wear, CFP® about Roth IRAs and required minimum distributions (RMDs). The speaker’s Tip #2 states that Roth IRAs do not require RMDs during the account holder’s lifetime, allowing assets to grow tax-free and potentially leave a larger, tax-advantaged legacy for heirs.
Tip number two, there's no required minimum distributions for the account holder. Unlike traditional IRAs, Roth IRAs don't require RMDs during your lifetime at all. But it also allows you to let those assets grow for the duration of your life without having to take taxable distributions. So the little quick tip here on your strategy is that by avoiding RMDs, you you're going to allow more of the assets to continue to grow tax free and hopefully potentially leave a larger legacy for your heirs.
