Phillip Cannella Blog: How to Bypass the Required Minimum Distribution Law

Phil Cannella – Phillip Cannella Blog: Phil Cannella wants to ensure more retirees understand what is ahead of them financially during the retirement years. If you know of the Required Minimum Distribution (RMD), you know it means that by April 1st of the year after you reach age 70½, you will be required to withdraw from your retirement accounts whether you need it or not, and that you’ll be taxed twice on the money you pull out.


Fortunately, there is a way to bypass the RMD. Phil Cannella calls it a smart “distribution mode exit strategy.” This strategy utilizes a law that most people don’t know about, which allows you to transform your IRA or any retirement account into a tax-free account, thereby allowing you to avoid RMDs if you don’t need the income.


No RMD means no forced taxation, and that means you can preserve and enjoy more of your money!


Most advisors you’ll encounter won’t know about this benefit because they haven’t had the specialized retirement training and experience Phil Cannella has. This isn’t necessarily due to any failure of character on their part. They simply don’t know what they don’t know, but that can be very dangerous for you.


Here’s what you should look for in a financial advisor when you are in your retirement years:

  • An advisor who is dedicated to the needs and concerns of retired Americans.

  • An advisor who is familiar with the age-favored IRS and IRA laws that can get you out of paying taxes on your IRA or any retirement account.

  • A coach who knows the age-favored financial vehicles that can crash proof all of your financial accounts and even give you a tax-favored income during retirement.


Phil Cannella stands out from other financial advisors because he has put in the hours and the effort to learn about IRS and IRA laws. It is only by understanding all of your rights that you can truly win in the retirement game, and Phil Cannella has the knowledge to turn you into a winner.