If looming taxes on required minimum distributions (RMDs) are keeping you awake at night, consider transferring money to a QLAC or converting to a Roth IRA. Now might be a good time to start thinking about how RMDs, or required minimum distributions, might affect your retirement, tax situation and perhaps the legacy you hope to leave your loved ones someday.Recent legislation with new RMD rules has increased the age at which you must begin taking annual RMDs from your 401(k), IRA or other qualif
Yes! Well, probably. If you meet the requirements, there are multiple retirement plans you can choose from. If you’re like many affluent retirees, you don’t retire cold turkey. Perhaps you consult for your former employer or the industry you worked in. Maybe you do something else altogether, to keep engaged. Regardless, if you earn self-employment income, you are likely eligible to save funds that you don’t need day-to-day.Let’s say real estate is your passion. So, after you turn in your keys, y