Kiplinger

Should You Take an Extra Big RMD This Year?

As most IRA investors know, once one reaches age 72, IRS rules require them to take a certain minimum amount from their IRA each year. Many investors do just that — take the minimum — thinking that strategy leaves more assets to grow tax-deferred. But tax changes in recent years are a reason to revisit one’s IRA distribution strategy.

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger2 min read
Tax-Savvy Charitable Giving With QCDs Can Benefit Both Giver and Receiver
Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that. What approach is efficient, provides the tax benefits you’re after, and also is advantageous for the chari
Kiplinger2 min readFinance & Money Management
What Is an APR?
Swiping your credit card is easy. But if you carry a balance, paying it off could be a challenge. Especially if you don't know your credit card's annual percentage rate (APR). And shockingly, a lot of people don't. In a December 2021 Bankrate study,
Kiplinger4 min read
This New Sustainable ETF’s Pitch? Give Back Profits.
Feel like society and the environment are beginning to break down? There’s an ETF for that. Newday Impact’s Sustainable Development Goals ETF (SDGS) delivers a growth-oriented product that promotes dual impact, promising to advocate for environmental

Related Books & Audiobooks