Say Goodbye to Taxes on Required Minimum Distributions (RMDs) – Here’s How to Avoid Them
Many people consider funds in tax-advantaged retirement accounts to be untouchable until they decide to use them. However, the Internal Revenue Service (IRS) requires these funds to be used, especially when you reach age 72. This is where Required Minimum Distributions (RMDs) come into play. The IRS mandates RMDs to ensure that you start withdrawing … Read more