5 Strategies to Reduce Your RMD Distributions

Reported 2 days ago

This article discusses five effective strategies to help limit required minimum distributions (RMDs) from retirement accounts, which can lead to increased tax liabilities. Options include executing Roth conversions to move funds into accounts not subject to RMDs, starting withdrawals strategically at age 59½, making qualified charitable distributions, using longevity annuities to delay RMDs, and possibly deferring RMDs by continuing to work past retirement age. Implementing these strategies can provide greater control over retirement savings and reduce tax burdens.

Source: YAHOO

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