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Time to Start Planning for RMDs! - money.com
Required minimum distributions, affectionately known as RMDs, are a reality for those with retirement accounts, and their importance grows with age. The run-up to year-end tax planning is a logical time to schedule those RMDs to meet federal requirements and understand how they fit into your tax plan for the coming tax season.
A post yesterday on money.com by personal finance writer Marc Guberti provides background on the RMD matter, including a quick review of the math behind the determination of your annual amount. His post, which you can access here, also discusses steps to consider to mitigate the impact on your tax situation.
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