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 ...

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 ...

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.

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 ...

The hold on RMDs applies to IRAs and 401 (k)s, as well as other types of defined-contribution plans such as 403 (b)s and 457s. It doesn’t, however, apply to cash-balance plans, a type of defined ...