My RMDs will be $100,000 or more. What can I do now to lower my taxable income — before it’s too late?
My 2023 federal adjusted income was about $87,000 which is mainly Social Security (about $48,000 gross), some pensions, and interest and dividends from investments. My expenses ar ...
How Much Is the Required Minimum Distribution (RMD) if You Have $1 Million in Your Retirement Account?
One of the biggest perks of investing in a tax-advantaged retirement account like a 401(k) or traditional IRA is that your ...
SmartAsset on MSN5h
Ask an Advisor: Does an IRA Withdrawal Before 73 Count Toward My RMDs?
Do withdrawals from my pre-tax IRA and/or 401(k) accounts made before I turn 73 count toward my RMDs? Or do RMDs start at 73 without regard to prior withdrawals? I'm 70 now and still working and ...
Standard-Examiner1d
Layin’ It on the Line: What the SECURE 2.0 Act’s new rules mean for your retirement funds
The way to plan for retirement in 2025 just got a little more complicated thanks to the SECURE 2.0 Act. Whether you’re still ...
Avoid These 3 Common Required Minimum Distribution (RMD) Mistakes
Required minimum distributions (RMDs) are mandatory annual distributions the government requires you to take from most ...
There's a ‘big change' for inherited IRAs in 2025, advisor says. Here's how to avoid a penalty
If you have an inherited IRA, there’s a key change for 2025 that heirs need to know. Here’s how to avoid a penalty.
Jewish Press1d
Goldstein on Gelt: What You Need to Know in 2025: RMDs for U.S. Citizens in Israel
Understand RMDs without the IRS jargon—simple, clear, and doable. Avoid penalties (because who wants to give the IRS an extra 25%?). Get the scoop on inherited IRAs and the rules that could save your ...
MarketWatch25d
RMDs are due in a week. There are valid reasons to procrastinate — but they pose big risks.
The deadline for taking required minimum distributions from retirement accounts is the end of the year, and some taxpayers wait until the very last minute to make their withdrawals. Sometimes ...
Avoid Making Costly Moves With A Non-Spouse Inherited 401(k)
Learn the rules and strategies for inheriting a 401(k) as a non-spouse beneficiary, including tax considerations and ...
Appreciating Your Spousal Inherited IRA Options
Explore spousal inherited IRA options, including rollovers, tax implications, and Secure Act changes. Learn how to maximize ...
Ask an Advisor: With RMDs Starting in 2027, What's the Best Way to Handle Our Multiple IRAs?
My husband will turn 73 on Nov. 16, 2027. How much of an RMD does he have to withdraw in 2027 and should he do it between Nov ...
Yahoo Finance7d
Ask an Advisor: With RMDs Starting in 2027, What's the Best Way to Handle Our Multiple IRAs?
When planning for retirement withdrawals, required minimum distributions (RMDs) play a central role in determining when and how much retirees need to withdraw from their tax-deferred retirement ...