Calculating your Required Minimum Distribution is a straightforward process once you have the information you need from the ...

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

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

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 ...

Because a Roth IRA has no RMDs for the original owner, it's a powerful tool for building wealth and a financial legacy. Your ...

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 ...

I realize that when I need to start taking my RMDs, I will be pulling out more than $100,000 a year, which will significantly boost me into a higher tax bracket. The remaining $1 million or so of ...

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 ...

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 ...

Previously, you were required to start taking withdrawals from your IRA or employer-sponsored retirement plan when you reached age 70.5. But the 2019 SECURE Act made a critical change to when RMDs ...

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 ...