3 Smart RMD Strategies to Lower Your Taxes in Retirement

Videos

Even if you're still a several years away from having to take Required Minimum Distributions (RMDs), the best time to plan for them is now.

In this video, we walk through three proactive strategies you can start planning for now to help reduce the future impact of RMDs and potentially lower your lifetime tax bill.

Take Distributions Before You're Required – Spreading income over time can help you stay in a lower tax bracket.
Roth Conversions – Strategically converting portions of your IRA before RMD age can lead to significant long-term tax savings.
Qualified Charitable Distributions (QCDs) – If you’re charitably inclined, this can satisfy your RMD and avoid taxation altogether (need to be at least 70.5).

Why plan early? Because RMDs are subject to ordinary income tax, and when they start, they can unexpectedly increase your taxable income, raise your Medicare premiums, and trigger other tax consequences.

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