Reported 2 days ago
A widow nearing 70 grapples with impending Required Minimum Distributions (RMDs) exceeding $100,000 from her substantial IRA holdings, which could elevate her tax bracket. She seeks guidance on strategies to effectively decrease her taxable income before RMDs begin, considering the option of Roth conversions, tax-efficient investments, and charitable giving to minimize adjusted gross income and potentially avoid higher Medicare costs.
Source: YAHOO