Investing

The RMD Mistakes That Could Increase Your Tax Bill

47 minutes ago Financial News

#RetirementPlanning #EdSlott #RMDs

Tax expert Ed Slott talks with Christine Benz about when to take your first RMD, aggregation rules, QCDs, penalties, and Roth conversions.

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00:00:00 Introduction
00:00:18 Should You Delay Your First RMD?
00:01:34 Understanding IRA Aggregation Rules for RMDs
00:03:12 RMD Timing Strategies for Retirees
00:06:00 QCD Contribution Limits
00:06:44 Can You Convert to a Roth IRA After RMDs Begin?

00:07:36 What Happens if You Miss an RMD?

Watch more from Morningstar:

Early Retirees: Why Now Is the Time to Convert Your IRA to Roth https://youtu.be/5vXbPqB89Ms?si=J-zGSJ8r_ACwGZfJ

Ed Slott: Don’t Waste Your Low-Tax Years in Retirement https://youtu.be/lUxqeC3vx0o?si=Th2zUEylcGBzsNxg

Retirement Planning for Parents Raising a Child With a Disability https://youtu.be/9Sh8LW3s7Wk?si=5D00y8gbZj6e9Irc

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