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I'm 60 With $1.5M in a 401(k). Should I Move $120k Annually to a Roth IRA to Lower RMDs?
It’s a wise move to plan ahead for the taxes you’ll pay on retirement income, including eventual required minimum distributions (RMDs). Instead of waiting until the RMD deadline to start thinking ...
SmartAsset on MSN
I'm Turning 73 This Year. How Can I Lower Taxes on My RMDs?
The IRS allows workers to put aside pre-tax earnings in traditional Individual Retirement Accounts, 401(k) and similar workplace accounts, and for all the money to grow – tax-deferred – to give you ...
Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...
Your RMD depends on your account balance, as well as your age. There’s a straightforward way to calculate your RMD for 2025. The important thing is to use the correct IRS life expectancy table.
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