Reported 28 days ago
In this article, financial advisor Matt Becker addresses a reader's concern about high required minimum distributions (RMDs) leading to taxation of Social Security benefits. The article outlines strategies to potentially lower RMDs below $25,000, including accelerating IRA income and making qualified charitable distributions, to minimize the tax burden on Social Security benefits. Becker emphasizes the importance of understanding how income affects taxes and suggests consulting with a financial advisor for tailored strategies.
Source: YAHOO