If you have tax-deferred retirement accounts, you'll need to take required minimum distributions (RMDs) eventually. If not properly planned for, these distributions could take a tax toll on your retirement nest egg. So, how do you factor RMDs into your retirement plan? Check out these 6 strategies to help reduce distributions and potentially lower your tax bill. Learn more.
Consulting a financial advisor could help you determine a plan that factors RMDs and taxes into your overall retirement goals. SmartAsset developed a free quiz to match you with up to three vetted fiduciary advisors serving your area, each legally bound to act in your best interest. It only takes a few minutes, and in many cases you can be connected instantly with an advisor to consult. It's never too late to work towards a comfortable retirement.
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