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Delaying RMDs: Is it a Good Thing or a Bad Thing?

Legislation is winding its way through congress (see The Setting Every Community Up for Retirement Enhancement Act of 2019 and the Securing a Strong Retirement Act) that could allow for delaying those Required Minimum Distributions (RMDs) from deferred compensation plans to age 73 and eventually to age 75. Delaying distributions has the obvious potential of allowing balances to continue to grow, but is there a downside to this strategy? According to Kiplinger’s Jackie Stewart, answering this question requires that you consider the implication of future impacts on federal taxes, since these distributions eventually find their way into the modified adjusted gross income calculation on tax returns, and since RMDs by design grow based on life expectancies. Check out this post for a more detailed explanation of the subject.

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