24/7 Wall St1h
3 Retirement Steps to Take in Your 60s to Avoid Huge RMDs in Your 70s
Money withdrawn from a tax-deferred retirement account is taxed as you begin to make withdrawals. Here are 3 ways to minimize ...
24/7 Wall St5h
I am 60 with a net worth of $3 million. How can I pay the least amount of taxes possible?
As is the case with anyone nearing retirement age, thinking about minimizing taxes and reducing any future RMDs (Required ...
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Ask an Advisor: I Have $1.4 Million in IRAs. Can I Convert $160k/Year to a Roth to Save on RMDs Later On?
I am 70 and I have $1.4 million in traditional IRAs. Is it best to do $160,000 in Roth conversions for the next 1-3 years to reduce my high RMDs in about 5-10 years? That would put me in the 24% tax ...
‘I’m not worried about a legacy.’ I’m 63 with no kids and $600K. I also get Social Security and a pension. What’s next for me?
Question: “I’m a 63 year old retiree with no kids or heirs and $600,000 in one account. I don’t mind spending down my money, ...