From planning your withdrawal strategy ahead of time to utilizing a nontaxable qualified charitable distribution, these ...

The sweet spot for doing Roth conversions is before you start taking out the required minimum distributions (RMDs) so the ...

If you're 63 years old with $1 million in a traditional IRA, you may be wondering whether converting $100,000 per year to a ...

I plan to convert $100,000 a year to a Roth. I’m 59 and worried about Social Security and RMDs.

For those approaching, or early in, retirement—and, typically, before RMDs begin—shifting funds from tax-deferred accounts to tax-free accounts (also known as a Roth conversion) is key.

There is no credit for future years. Back in April, IRS issued Notice 2024-35 waiving 2024 RMDs for beneficiaries who were originally subject to annual RMDs for years 1–9 of the 10-year term.

In 2025, the Secure Act will be enacted after five years of delay, and beneficiaries will be required to pay RMDs for a traditional IRA if they inherited it from someone who was over 73.

The rules governing RMDs for inherited IRAs are more nuanced than the table above (the leading authority for IRAs, Natalie Choate, has written a 127-page supplement on RMDs post-SECURE Act).

If you have to take RMDs, note that you'll owe a 25% penalty on any portion of that amount that you fail to withdraw. If resolved within two years, the penalty can be reduced by 10%.

Once you take your RMD out of your IRA, you can’t deposit the money back in again. RMDs are considered taxable income and cannot be rolled over or redeposited into a tax-advantaged retirement ...

A Reminder on RMDsAn optimal amount is whatever takes the clients right up to the top of the 15 percent federal income tax bracket (it's the figure on Line 43 of the 1040, and in 2011 the 15 ...