If you don't need the income, this can lead to higher taxes. A financial advisor can help you create an effective RMD strategy to lower your tax liability and better manage your retirement savings.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Achieving those goals is made easier with the Zacks Style Scores, a unique set ...

For a long time, the RMD age was 70 1/2 years old, but it now stands at 73. If you turned 73 in 2024, you must take your first RMD by April 1, 2025. Subsequent RMDs are due by the end of each ...

If you don't need your RMD for living expenses ... But after you've done that, the government doesn't care what you do with your remaining funds. If you're retired, you won't be able to put ...

Regardless, your broker should provide you with a specific RMD figure on a tax Form 5498, which is based on the account's value as of the end of the prior calendar year. Also understand that while ...

Although such conversions are taxable as ordinary income for the year in which they're completed, the IRS doesn't care where the subsequent tax payment comes from. You could use your RMD money to ...

Regardless of discharge destination, referrals to palliative care are low, with a recent review article of palliative care after stroke showing that stroke makes up between 0.4%-8.9% of referrals ...

Palliative care, an approach to care that helps people manage pain and other symptoms during all stages of a serious illness (not just at end of life), can help improve quality of life for stroke ...

It's a key piece of retirement planning. And it’s not exactly mad money, but an influx of cash via a required minimum distribution (RMD) from your IRA or workplace retirement plan does give you ...

That’s why understanding and avoiding common RMD mistakes and their implications can help you potentially save money. So, in no particular order, let's explore seven potential tax implications ...

So, here’s what you need to know (and do) if you have an RMD due in the coming days. RMDs are mandatory withdrawals from tax-advantaged retirement accounts that individuals must take once they ...