required minimum distributions (RMDs)

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Lower Taxes on Required Minimum Distributions

Tax Breaks Congress has given retirees more time to take required distributions from their retirement accounts. But postponing withdrawals could cost you a lot of money.

Tax Breaks

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  The Downside of Delaying RMDs

  Thanks to the SECURE 2.0 Act, the age for required minimum distributions is going up. However, don't automatically assume you'll benefit from this change.

  By Jackie Stewart Published 26 December 22

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  2 Ways Retirees Can Defuse a Tax Bomb (It’s Not Too Late!)

  If you’re retired and find yourself sitting on a “tax bomb,” you may think there’s nothing you can do. But two strategies could seriously reduce your taxes in retirement.

  By David McClellan Published 29 November 22

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  An RMD Deadline is Approaching Quickly – And Missing It Could Cost You Big Bucks

  If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.

  By Rocky Mengle Published 22 November 22

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  6 RMD Changes We Could See This Year

  Making Your Money Last Congress is considering two bills that would make major changes to required minimum distributions. Could your RMDs be affected?

  By Rocky Mengle Last updated 3 October 22

  Making Your Money Last
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  How to Defuse a Retirement Tax Bomb, Starting With 1 Simple Move

  required minimum distributions (RMDs) There’s an easy and effective way savers can minimize the damage of a retirement tax bomb. It all starts with making one simple shift in your retirement savings contributions.

  By David McClellan Last updated 30 September 22

  required minimum distributions (RMDs)
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  Using Asset Location to Defuse a Retirement Tax Bomb

  required minimum distributions (RMDs) Investors can set themselves up for lower tax bills in retirement using a strategy few folks are familiar with: asset location. The idea behind it is simple, but implementing it can be a bit tricky.

  By David McClellan Last updated 30 September 22

  required minimum distributions (RMDs)
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  Defusing the Retirement “Tax Bomb” with David McClellan

  Tax Breaks If you’ve dutifully socked away money in a 401(k) or IRA for years, you could be in for an unpleasant shock when it comes time to take money out of those accounts. Also, the IRS is sending out a surprise round of checks.

  By David Muhlbaum Published 12 September 22

  Tax Breaks
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  Will Your Kids Inherit a Tax Bomb from You?

  required minimum distributions (RMDs) You’ve carefully saved a lot in tax-deferred retirement accounts, and you hope to pass much of that wealth to your loved ones. Unfortunately, your legacy for your heirs will also include a massive tax bill.

  By David McClellan Published 1 September 22

  required minimum distributions (RMDs)
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  Don't Make These Common IRA Mistakes

  IRAs IRA expert Ed Slott walks us through common IRA mistakes and missed opportunities that you can avoid.

  By Rocky Mengle Published 25 July 22

  IRAs