RMD
ResMed Inc.
stock NYSE

Outside of selling stocks and taking capital gains and/or leveraging muni's for non-taxable income (which is portfolio inefficient due to lost compounding) are there ideas out there for how we can generate very high portfolio income in retirement \~ $300K/yr while preserving as much tax bracket capacity as possible for Roth conversions. We have very high tax deferred account balances today and can use the bracket capacity to avoid RMD oblivion. Not sure if this is the right forum but throwing it out there in case anyone has thought about or has ideas specific to that strategy. Thanks

Missing RMD Tab

RMDs as a percentage are typically larger than dividend payouts as a percentage unless you are deep into dubious high yield income ETFs that suffer from NAV Erosion.
Youre better off taking the RMD and then reinvesting what you don’t need back into your taxable account.

My wife and I will continue to reinvest dividends as long as we can. Once we hit 73, we will take them out of our retirement accounts as part of the RMD.

You need to just check with the institution where you have your money, but I would assume they all have the same rules. My provider says:
Roth IRA distributions
Unlike distributions from Traditional or Rollover IRAs, withdrawals from a Roth IRA are subject to distribution ordering rules. Any withdrawals are deemed first to come from any previous contributions made, then previous Roth IRA conversions, then earnings.
**Previous contributions:** An account holder can withdraw contributions they’ve previously made at anytime and at any age, without income taxes or tax penalties.
**Previous Roth IRA conversions:** Withdraw amounts converted from an IRA or qualified plan (not including earnings) income tax free. A 10% penalty tax will only apply if the withdrawal occurs before 5 years have elapsed since the conversion, and the account holder is under age 59 ½ (unless another exception to the 10% penalty tax applies). 
**Earnings:** Earnings can be withdrawn income tax and penalty tax free after a 5 year holding period and one of the following exceptions exists:
The IRA account holder has reached age 59½, or
For a qualified first time home purchase ($10,000 lifetime limit), or
On account of qualifying disability, or
Death of the IRA account holder.
DON'T FORGET! Except for 72(t) and RMD withdrawals, the IRS allows a return of distributed amounts back into an IRA within 60 days. Any amounts returned timely are not subject to the income taxes and tax penalties described above.

So, don't ignore the RMD rules. They are simple, straighforward, and substantially equivalent to Roth rules if you spreadsheet them both out --- unless you expect taxes to increase substantially, which could happen.

RMDs are separate things from investment management. You don't have to pay Fidelity for them to calculate your RMD.

What about the huge amounts and penalties and taxes they will pay if they ignore RMD rules?

Has anyone thought about the fact that when you retire and get old enough to take your Required Minimum Distribution, you can use that amount towards your RMD using just the dividends depending on the size of your IRA.

RMD you bloody dog. Almost back to the lows again. I f'ing hate a dead cat bounce.
COH has joined the party as well.
So much for thinking healthcare has hit the bottom.

My personal take on this (as a physician, investor, and someone who has used a Resmed) is that GLP-1's are in early innings. Most people are still squeemish about them, but I think a huge wave of over-reliance on them is at our doorstep. What this will probably translate to is physicians starting to reach first for the GLP-1 first instead of the CPAP and then picking the CPAP as a second option if the GLP-1 fails. These obesity drugs are just too powerful. Of course there are patients who will always truly need the CPAP (critically ill and morbidly obese patients), but the writing is on the wall imho. Now that doesn't change the fact that Resmed itself is a great company and is in a nice growth phase. So what I think you're seeing is a tug of war between a company that is trying to grow briskly and a GLP-1 story that is also beginning to threaten that growth. If i really had the choice, I would always choose an injectable over wearing the CPAP because if you've ever worn a CPAP, it is not the greatest experience. I personally would have a hard time choosing an investment that had two opposing stories, especially when there are so many companies to choose from who have all arrows pointing in the same direction. If you're looking at it as more of a pure value play, the way I'd look at it is that the future growth story has changed from what it would've been if GLP-1's didn't exist, and the new PE reflects that. If you're expecting a magic recovery of PE, I wouldn't count on it.
Here's a blurb from Multibagger in case you want a little more granularity on RMD risks:
"GLP-1 obesity drugs pose the most consequential structural threat: Eli Lilly's Zepbound received FDA approval for sleep apnea treatment without requiring CPAP, a direct substitution vector not yet materializing in volume data but warranting weight on a decade-plus horizon. Philips Respironics' phased market re-entry introduces renewed competitive pricing pressure after ResMed's largely uncontested share-gain period. U.S. home medical equipment reimbursement and competitive bidding rules carry ongoing regulatory exposure. The secular tailwind from aging demographics and global underdiagnosis remains genuine, though the pharma disruption vector distinguishes this from a truly unassailable long-term position."

Thank you for providing additional detail on this.
This is expected behavior. The total Required Minimum Distribution (RMD) amount featured on the Account Summary page of Fidelity.com does not include the RMD information for Inherited IRAs. You can see this if you click the little icon next to "Required by IRS" on the summary page tile titled "Your 2026 required minimum distribution (RMD)."
If you click "Manage RMDs" in that same area, it will take you to the retirement distribution center that outlines all necessary RMDs for 2026, as well as how much you've distributed already.
We're here if anything else comes up.

This is on fidelity.com. The correct distribution amount on the account level is correct. The RMD YTD Summary on the All Accounts page is incorrect. The account in question is an Inherited IRA, and the distributions were charitable giving, which I think is the problem of why they were not included.

Great job! Getting \~$4200/month myself from my Roth account. Converting $60K of traditional IRA money to the Roth account every year. But not enough time between now and RMD's to reach your level of dividends.
The nice thing about using my Roth account for my income portfolio is no taxes on the distributions. Which means no IRMAA premiums among other things. And since I'm over 59-1/2 and the Roth account is more than 5 years old, I have no restrictions on withdrawls.
I've got my money in only seven accounts, five of which are NEOS. Hey, they're doing a good job. Although I sure wouldn't mind spreading it out a bit if I could find more funds like QQQI and SPYI. Actually, my biggest winner has been AOD. Check it out.

Is the market overestimating the GLP‑1(Ozempic etc) risk to ResMed (RMD.AX)?