From QCDs To QLACs: What To Do About Unneeded Required Minimum Distributions

2019-12-01 20_47_49-brown-and-white clocks photo – Free Time Image on UnsplashIt may be a nice problem to have as a retiree, but it’s still a problem: what do you do with your required minimum distributions (RMDs) from your retirement accounts – which, as their name indicates, are required – if you don’t need the money for living expenses? Today’s article outlines a number of strategies, from QCDs to QLACs, to make the most of unnecessary (but required) RMDs, or decrease the amount of your RMDs. For more, CLICK HERE.

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How To Benefit From – And Stop Resenting – RMDs

2018-11-01 20_36_59-200+ Interesting Planning Photos · Pexels · Free Stock PhotosRequired minimum distributions from retirement accounts are generally unavoidable for retirees – unless they want to incur a substantial penalty for not taking them. For those who don’t need the money (or the tax bill), this can lead to resenting RMDs. Today’s article, however, outlines how, rather than being a necessary evil, RMDs can actually serve as an opportunity to improve your portfolio: “The starting point for approaching RMDs is to check up on your portfolio. Armed with knowledge of its problem spots, you can then concentrate your RMD-related sales in those areas you wanted to fix anyway.” For more, CLICK HERE.

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