Worried about taxes on huge RMDs? Consider this alternative to Roth conversions.

To calculate your RMD, simply divide the account balance by the life expectancy factor. Therefore, $1 million divided by 24.6 is $40,650, so this is the amount you're required to withdraw from your ...

Fortunately, the Secure Act 2.0 softened the rules a bit. As of 2024, the penalty is reduced to 25% of the RMD. If you can ...

1) In a few years I will have to take required minimum distributions (RMDs) from my traditional IRA (currently my only retirement account). I plan to work until age 80 or so. Will I be able to ...

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

Just remember, conversions have their own timestamps. In order to make withdrawals completely tax-free, the money has to be ...

Social Security was the most common source of retirement income last year. But 81% of retirees had one or more types of ...

Automating your RMDs can help you avoid making emotional decisions regarding withdrawals. Once automation is set up, you're less likely to make impulsive moves based on personal circumstances or ...

Whether you look forward to required minimum distributions (RMDs) because the money helps cover bills or resent them because you'd rather let the money grow, they're a way of life. If you're ...

Explore seven practical and powerful tax strategies for retirees.

Key Points Automating RMDs may be convenient, but it's not for everyone. If your financial situation is complex and your portfolio is stuffed full of different investment types, you may feel more ...