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

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

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 ...

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

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

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.

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

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 ...

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).

1) In a few years I will have to take required minimum distributions (RMDs) from my traditional IRA (currently my only ...