RMDs
Weekend Reading: Could Required Minimum Distributions Cause You to Overspend?
Despite what many might believe, RMDs are required distributions, not required spending. While you must take withdrawals from tax-deferred retirement accounts starting at age 73, you can choose not to spend that withdrawn amount if you don't need it.
Weekend Reading: Congress Says You Can Delay IRA Distributions, But it’s a Tax Trap
While SECURE 2.0 allows for delayed RMDs, it may not be in your best interest.
Weekend Reading: SECURE 2.0 in 2023 and Beyond
The beginning of 2023 brought the official signing of the Consolidated Appropriations Act, which contains SECURE 2.0. You more than likely heard the news, but what exactly does it mean for you?
Weekend Reading: 10 Ways Secure 2.0, Part of Spending Bill, Changes Retirement Planning
Retirement provisions in the recently passed SECURE 2.0 Act offer new planning opportunities for today’s retirees, even more so than the original 2019 SECURE Act.
Weekend Reading: Why Advisors Should Rethink the ‘M’ in RMD
Here’s a simple tax saving strategy: Take more than the minimum of your RMD and leverage that withdrawal before it must be taken.
Weekend Reading: Taking RMDs in the Form of Stock
Having to take your RMD does not mean you are forced to exit the market. You can take your distributions in kind or keep it simple and take it in cash, followed by reinvestment.