Reported 23 days ago
As a soon-to-be 72-year-old facing required minimum distributions (RMDs) from a traditional IRA amid falling stock prices, it's crucial to navigate this situation carefully. You have options to delay your first RMD until April 2024, allowing for potential market recovery, and consider in-kind distributions which enable you to keep your stocks while satisfying tax obligations. Consulting with a financial advisor can provide tailored strategies to avoid realizing losses and manage tax implications effectively.
Source: YAHOO