How Much Is the Required Minimum Distribution (RMD) if You Have $500,000 in Your Retirement Account?
If you have money in retirement accounts, you may have to start taking required minimum distributions, or RMDs, when you turn ...
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I just inherited a $700k IRA - How should I handle the mandatory RMDs over the next decade?
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Reinvesting Your RMD in Retirement? Here's What You Need to Know
You can't leave all your money in an IRA, but that doesn't mean you can't do something constructive with it outside a tax-deferring retirement account.
3 Ways to Reduce Your Required Minimum Distribution (RMD) and Pay Less in Taxes
If you're charitably inclined, using a qualified charitable distribution, or QCD, is a great way to reduce your RMD. Instead ...
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This Simple Strategy May Be Able to Lower the Taxes on Your IRA RMDs
Everybody hates being told what to do, and retirement investors hate it even more when being told what to do comes with a ...
IRS Issues Payment Reminder To Retirees
Retirees of a certain age with 401ks, IRAs and other workplace retirement funds must take required minimum distributions or ...
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I'm 61 With $890k in My IRA. Should I Convert 10% per Year to Avoid Taxes and RMDs in Retirement?
When should you use a Roth IRA to manage your taxes? As you hit your 60s, it's common to shift retirement planning from ...
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I’m Retiring at 50 With $9 Million in Assets – Should I Convert My 401Ks to Roth to Avoid Future RMD Taxes?
In the case of many individuals investigating the FIRE (financial independence, retire early) lifestyle, there is always a ...
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Deadline for Retirees Taking Their First RMDs is April 1
However, the IRS is reminding retirees who take their first distribution April 1 that they must also take their second RMD ...
What Happens If You Don’t Take Your RMD? 5 Things Retirees Must Know
One component of retirement that sometimes creeps up on someone is trouble for not making necessary withdrawals. It centers ...
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4 Changes Congress Should Make to Reform RMD Rules and Help Retirees
The Required Minimum Distribution is one of the most frustrating aspects in the financial arena and arguably one of the least ...
Should Your Kids Have A Roth IRA?
If your child has earned income, they can contribute to a Roth IRA. Opening a Roth IRA for kids can significantly change ...