If you have tax-deferred retirement accounts, you'll need to take required minimum distributions (RMDs) eventually. If not properly planned for, these distributions could take a tax toll on your retirement nest egg. So, how do you factor RMDs into your retirement plan? Check out these 6 strategies to help reduce distributions and potentially lower your tax bill. Learn more.
Consulting a financial advisor could help you determine a plan that factors RMDs and taxes into your overall retirement goals. Try SmartAsset's free quiz to get matched with up to three vetted fiduciary advisors serving your area, each legally bound to act in your best interest. It only takes a few minutes, and in many cases you can be connected instantly with an advisor to consult. It's never too late to work towards a comfortable retirement.
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