Published 5 days ago • loading... • Updated 4 days ago

Can You Control Required Minimum Distributions?

Retirees must begin taking required minimum distributions by April 1 following the year they turn 73, with an additional RMD due by year-end.
This rule allows some control over RMD timing, as people over 73 who still work can delay RMDs from their retirement plan, but not from separate IRAs.
RMD amounts depend on account balances as of the previous December 31, so retirees cannot lower taxes by delaying withdrawals until market values fall.
Retirees can manage taxes and portfolio risk by converting pre-RMD traditional IRA funds to Roth accounts, accelerating withdrawals in low-tax years, or using qualified charitable distributions after age 70.5.
While strategic RMD withdrawals won't lower tax due, retirees have flexibility in choosing accounts and holdings to support investment goals and portfolio rebalancing.

Insights by Ground AI

Does this summary seem wrong?

19 Articles

All

Left

Center

Right

RealClearMarkets

Lean Right

Don't Need Your Minimum Distributions Yet? What To Do

For many retirees, 73 is the magic age – the time they must begin withdrawing required minimum distributions (RMDs) from their retirement accounts. Retirees born in 1960 or later have

4 days ago

Read Full Article

WKMG

+16 Reposted by 16 other sources

Center

Can you control required minimum distributions?

Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers.TimingRetirees exert some control over the start of RMDs via their required beginning date, which is April 1 following the year in which they turn 73. Deferring this tax bill by close to a year might seem like a win, but you’llhave to take an additional RMD by the following…

5 days ago·Orlando, United States

Read Full Article