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14 godz. temu · As retirement approaches, many individuals start tapping into their Individual Retirement Accounts (IRAs) to supplement their income. However, once retirees reach the age of 72, they are required to start taking Required Minimum Distributions (RMDs) from their traditional IRAs, which are subject to taxes. This can result in a significant reduction in retirement income, as […]
14 godz. temu · To buy luxury items and leave money to heirs tax free, I plan to take relatively high 6% withdrawals every year from remaining 400k IRA to save in Roth IRA. If my calculations are right, this somewhat high withdrawal rate also has the benefit of considerably lowering the RMD tax bomb in 13 years at age 75.
