I’m 80 and my RMD is $300,000. What the heck am I supposed to do about my huge tax bill?

Navigating the complexities of Required Minimum Distributions (RMDs) and lottery winnings can be daunting. Both have significant tax implications that can impact your financial planning.

Calculating your Required Minimum Distribution is a straightforward process once you have the information you need from the IRS.

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From planning your withdrawal strategy ahead of time to utilizing a nontaxable qualified charitable distribution, these financial experts share their best advice.

Retirement planning involves more than building a nest egg, it also requires managing taxes so you keep more of your savings.

Think of RMDs as the IRS’s way of making sure you don’t let your retirement money sit forever. Starting at age 73, you’ll ...

Required minimum distributions can be a touchy subject for retirees and their financial advisors, requiring them to liquidate assets that they may prefer to keep in the market. Frustration around RMDs ...

Seniors are often surprised by taxes on mandatory withdrawals – Clear Start Tax explains how RMDs can increase IRS balances in retirement. IRVINE, CA / ACCESS Newswire / July 23, 2025 / Many retirees ...

Saving money for retirement in a 401(k) or IRA comes with some big tax advantages. Any money you contribute to the account is tax deductible. On top of that, you won't pay any taxes on gains or ...

The goal of investing is to grow your money over time. Keep more of it in your pocket by using legal strategies like tax-efficient assets and tax-loss harvesting to reduce your tax liability.

Beginning in 2024, the SECURE Act 2.0 has eliminated the need to take annual required minimum distributions from Roth 401(k)s, 403(b) or governmental 457(b) plans during the participant's lifetime ...