/PRNewswire/ American Life & Security Corp., a subsidiary of Midwest Holding Inc. (NASDAQ: MDWT), is proud to announce the launch of an exciting new annuity.
Saving up for a comfortable retirement is a challenge for most Americans: In their golden years, they may be heavily dependent on the required minimum distributions (RMDs) from their tax-deferred.
I am currently in a 12% tax bracket and attempting to convert as much money as I can to a Roth individual retirement account (IRA) without going into the next bracket. I am trying to do this to reduce my … Continue reading → The post Ask An Advisor: Can I Harness the Bear Market to Cut My RMDs and Tax Bill? appeared first on SmartAsset Blog.
Can I avoid getting hit with double taxes on my first two required minimum distributions (RMDs)? I'll turn 73 in January 2024. Do I have until April 1 2024 to take my first RMD? Or do I have until April … Continue reading → The post Ask An Advisor: When Should I Take My First RMD? appeared first on SmartAsset Blog.