These 4 Strategies Can Reduce Your RMDs
- RetirementGuy
- 10 minutes ago
- 1 min read
Key Takeaways
Traditional tax-deferred accounts that you own in your own name are going to be subject to required minimum distributions.
To reduce RMDs, you should first prioritize Roth contributions.
Roth contributions can be preferable to traditional tax-deferred ones, but some people still don’t have a Roth option for their company retirement plan.
Converting traditional IRA assets to Roth is the second strategy to reduce RMDs.
After retirement and before the RMD years can be a good time to accelerate withdrawals from a tax-deferred account despite triggering a tax bill.
Qualified charitable distributions can be another way to reduce RMDs.
Comments