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You can also reduce, avoid or delay taking RMDs until after the usual effective age of 73 by using 401(k) funds to buy special annuities, converting 401(k) funds to a Roth account that is not ...
This means you can take your RMD late in the year when you can make the most accurate estimate of your tax bill and have that amount withheld from your RMD to cover your taxes for your RMDs and ...
If you’re not ready to retire by age 73 (or 75, starting in 2033) and still work for an employer where you have a retirement plan, you don’t have to take RMDs. As long as you don’t own more ...
Say you have to take a $1,000 RMD from one IRA and a $6,000 RMD from another. You could take all $7,000 from one, $3,500 from each, or any combination you want as long as you withdraw at least ...
For example, if you have one IRA with a $4,000 RMD and another with a $6,000 RMD, you can take $10,000 from one, $5,000 from each, or any combination you like as long as it totals $10,000. 401(k)s ...
Image source: Getty Images. Why taking your RMD in December could be a good idea. The biggest benefit of waiting until December to take your RMD is that you give your money more time to compound ...