Taking your RMD in January could give you peace of mind and helps you avoid the tax penalty for not taking RMDs as scheduled. It could also cause you to miss out on investment earnings you could have ...
Don't Need Your Required Minimum Distribution (RMD) Right Now? What Can You Do With the Cash Influx?
You can't avoid required minimum distributions (RMDs), but you can control where that money goes. Some RMD strategies can help you avoid taxes. Your unneeded RMDs can give your favorite causes a leg ...
Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...
Missing an RMD deadline can result in a 25% penalty on the amount not withdrawn. Double-checking your RMD calculations can help prevent a penalty. You're free to withdraw more than your RMD, but ...
That’s the top question I receive when I’m out and about talking about retirement portfolio planning, including some research that our team has been producing since 2021. Beginning in 2022, the ...
Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...
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