I’m 72 years old and have my IRA in stock. I start required minimum distributions next year so I want to convert to a Roth IRA. How much should I convert? Should I do it all at once or should I do it ...
Tax considerations with RMDs are especially important. Retirees should also evaluate when the best time is to take their RMDs. Reinvesting RMDs is often a smart move for retirees, but it isn't always ...
A careful analysis year to year is usually better than converting the whole thing just to avoid required minimum distributions (RMD) but there are several variables to consider. When you execute a ...
Taking your first RMD late could leave you with a lot of extra taxable income for the year, potentially moving you into a higher tax bracket. Taking it early can help you just get it over with. You ...
The SECURE acts introduced several major changes to RMDs over the last few years. The changes impact both retirees and those who inherited an IRA within the last five years. Knowing the rules could ...
Required minimum distribution rules are shifting again, and anyone with a traditional IRA or employer plan needs to understand the latest changes before 2025 ends to avoid painful penalties and ...
That’s the top question I receive when I’m out and about talking about retirement portfolio planning, including some research that our team has been producing since 2021. Beginning in 2022, the ...
You can’t make QCDs directly from your 401(k), but you can use a workaround Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, ...
Spouses who are the account’s sole beneficiary have the most and best choices Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, ...
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