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

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 ...

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

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

To determine RMDs for a given year, the account's market value at the end of the previous year is divided by what the Internal Revenue Service calls a life expectancy factor, based on how long the ...

Once you reach age 73, you're required to begin withdrawing funds from tax-deferred accounts like a 401 (k), 403 (b), and ...

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.

If you have a Roth 401 (k), you can start ignoring that rule in 2024, when those accounts will no longer be subject to RMDs. (There's an exception for RMDs required before 2024 that don't need to ...

By way of example, a wife who turned 70½ on December 31, 2019, must start taking her RMDs now, while her husband, who turned 70½ on January 1, 2020, will not have to take RMDs until he turns 72 ...

The required beginning date (RBD) for RMDs is April 1 st of the year following the year that the account owner turns 72. That’s important for understanding when an RMD in the year of death is ...

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 ...