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5 Ways to Minimize Required Minimum Distributions

March 3, 2017

From the nextavenue website

required-minimum-dist

When we reach the age of 70 ½ ,we are given the “privilege” of beginning Required Minimum Distributions (RMDs) from IRAs, 401(k)s and other retirement accounts. This requirement applies to all retirement accounts funded with pre-tax contributions and these annual distributions are now fully taxable at ordinary income tax rates.

Since RMDs, and the associated taxes, can seriously erode your wealth, it is essential to find ways to minimize them where you can.

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