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.

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
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  Deadline for Returning RMDs to Retirement Accounts is Approaching Fast

  Coronavirus and Your Money Retirees who took a required minimum distribution earlier this year need to act quickly if they want to avoid taxes on the money they withdrew.

  By Rocky Mengle Published 24 August 20

  Coronavirus and Your Money
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  Retirees Get Another Break with Expansion of RMD Waiver

  Making Your Money Last The CARES Act cancelled "required minimum distributions" for 2020...and the IRS just expanded that relief to help more seniors and give more time to undo previous withdrawals.

  By Rocky Mengle Published 24 June 20

  Making Your Money Last
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  Stay on Top of RMD Rule Changes for 2020

  required minimum distributions (RMDs) Between the SECURE Act and the CARES Act, the landscape has changed for RMDs this year. You don’t need to take one, for instance. And if you already have, you can probably undo it.

  By Roger A. Young, CFP® Published 22 June 20

  required minimum distributions (RMDs)
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  Why 2020 Is an 'Unprecedented Opportunity' for a Roth IRA Conversion

  Financial Planning Tax advisors say you can reduce your tax bill by 30% to 40% in this unprecedented time.

  By Mark Stein Published 17 June 20

  Financial Planning
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  The Answers to More RMD Questions

  retirement The CARES Act made 2020 required minimum distributions optional. But what are your next moves?

  By the Editors of Kiplinger's Retirement Report Published 12 June 20

  retirement