Maximizing Retirement Savings Through Strategic RMD to Roth IRA Transfers

Thursday, 28 March 2024, 12:16
Discover how utilizing Required Minimum Distributions (RMDs) for transferring funds to a Roth IRA can optimize retirement savings and tax efficiency. With changes in RMD age requirements, individuals can strategically allocate unneeded RMD funds towards future financial growth and security. Learn how this smart financial move benefits retirees and enhances long-term retirement planning.
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Maximizing Retirement Savings Through Strategic RMD to Roth IRA Transfers

Utilizing RMDs for Roth IRA Transfers

If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash?

Investors now need to start taking RMDs at age 73 or, if they were born after 1960, at age 75. Depending on the balances of […]

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