Worried about taxes on huge RMDs? Consider this alternative to Roth conversions.

I plan to convert $100,000 a year to a Roth. I’m 59 and worried about Social Security and RMDs.

Fortunately, the Secure Act 2.0 softened the rules a bit. As of 2024, the penalty is reduced to 25% of the RMD. If you can ...

From planning your withdrawal strategy ahead of time to utilizing a nontaxable qualified charitable distribution, these ...

Once you reach age 73, you're required to begin withdrawing funds from tax-deferred accounts like a 401 (k), 403 (b), and ...

This is the issue that Roth conversions seek to address, but people often run out of time. Once you start taking RMDs, you have to withdraw those first and pay the tax.

Social Security was the most common source of retirement income last year. But 81% of retirees had one or more types of ...

1) In a few years I will have to take required minimum distributions (RMDs) from my traditional IRA (currently my only ...

By way of example, a wife who turned 70½ on December 31, 2019, must start taking her RMDs now, while her husband, who turned 70½ on January 1, 2020, will not have to take RMDs until he turns 72 ...

What makes an annuity potentially work in this scenario is that Secure 2.0 made it possible for the annuity payments to cover for any other RMDs from IRAs. It won’t work for everyone, especially ...