Posted on Oct 28, 2023

Withdraw funds from inherited accounts now to avoid getting 'buried in taxes' later, IRA expert...

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"Even without RMDs for 2023, it still may make sense to start taking them as part of a long-term tax planning strategy, experts say."

Withdraw funds from inherited accounts now to avoid getting 'buried in taxes' later, IRA expert...

Posted from cnbc.com

Posted in these groups: Personal finance tips

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Taxes

Posted 1 y ago

Responses: 2

LTC David Brown

Posted 1 y ago

I use my RMD for charitable giving. The company managing the account issues checks, at my request , to the charities I choose. The money given to charities doesn’t count as income reducing your overall tax burden.

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PO1 William "Chip" Nagel

Posted 1 y ago

LTC Eugene Chu Thanks for the Share!

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Withdraw funds from inherited accounts now to avoid getting 'buried in taxes' later, IRA expert...

Withdraw funds from inherited accounts now to avoid getting 'buried in taxes' later, IRA expert...

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