required minimum distributions (RMDs)

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A Simple RMD Mistake That Can Cost Retirees Thousands

required minimum distributions (RMDs) Do you know exactly what your required minimum distribution should be? Did you take more than you had to last year? If you need extra cash, there could be a better place to get it.

required minimum distributions (RMDs)

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  Should You Take an Extra Big RMD This Year?

  required minimum distributions (RMDs) Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big picture. For some people, it makes sense to go big.

  By Mike Palmer, CFP Published 23 November 21

  required minimum distributions (RMDs)
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  An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks

  required minimum distributions (RMDs) If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.

  By Rocky Mengle Published 17 November 21

  required minimum distributions (RMDs)
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  The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement

  required minimum distributions (RMDs) If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.

  By Rocky Mengle Published 14 September 21

  required minimum distributions (RMDs)
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  IRA Tax Planning: Minimizing the RMD Ticking Time Bomb

  required minimum distributions (RMDs) Couples with a bit of an age difference have an interesting strategy available to them to reduce taxes on their retirement savings due to required minimum distributions.

  By Michael Aloi, CFP® Published 14 July 21

  required minimum distributions (RMDs)
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  2 Essential Strategies for Taking Your RMDs

  Financial Planning Whether you need to take required minimum distributions to live or find them to be a nuisance, here are some tips to make the most of withdrawing these funds.

  By Catherine Siskos Published 9 June 21

  Financial Planning
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  12 Questions Retirees Often Get Wrong About Taxes in Retirement

  retirement You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?

  By the editors of Kiplinger's Personal Finance Published 7 April 21

  retirement
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  Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned

  Coronavirus and Your Money If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.

  By Joy Taylor Published 23 February 21

  Coronavirus and Your Money
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  A Retiree’s Guide to Key Dates in 2021

  Basics It's critical -- and financially sound -- to hit these important financial deadlines spaced throughout the year.

  By Catherine Siskos Published 8 January 21

  Basics
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  Smaller IRA Withdrawals Coming Up

  Coronavirus and Your Money Starting in 2022, the amount you’ll be required to withdraw from your retirement accounts after age 72 will decline modestly—which means your tax bill will be smaller, too.

  By Sandra Block Published 15 December 20

  Coronavirus and Your Money