Are Your Allocations Right For RMDs

There is an ideal order in which to pull from retirement accounts when taking IRS Required Minimum Distributions (RMD). The goals, which often go unheeded, are to help minimize taxes, try to minimize taking principal, and earn as much as possible. These goals are easy enough to understand, but there are many factors to consider. It takes a well-planned strategy to ensure the interest and dividends you’re generating from your savings and investments are sufficient to cover your RMDs, keep your tax bill at a minimum, and satisfy your other expenses throughout retirement.

As you may know, RMDs are distributions the IRS requires you to make on your retirement savings each year after you’ve reached age 73. The amount changes each year in conjunction with your life expectancy and the balance of your IRAs and other qualified plans as of December 31 of the preceding year.

Outreach Capital Management - Are Your Allocations Right for RMDs

Stay Informed

Download your free reports on the financial topics that matter the most to you.

Name(Required)

More Reports

Year-End Financial Planning Checklist

Americans are notorious for overspending when the holiday season rolls around. While that may be...

Women, Money, and Retirement: Separating Fact from Fiction

The 100th anniversary of women’s right to vote in the U.S. occurred in 2020. During...

Why Investing in Mutual Funds Could Jeopardize Your Retirement Plans

Unfortunately, since many financial advisors working today entered the business in the 1980s and 90s,...

Understanding Price-to-Earnings Ratios

Have you ever bought a pair of pants for your child or grandchild that were...

TR=I+G Guide

There are many misconceptions about investing. One is that the terms ‘growth’ and ‘return’ are...

Ten Warning Signs of Working with the Wrong Financial Advisor

Are you working with the wrong financial advisor? Is he still the advisor best qualified...

Surviving-Child Financial Checklist

The loss of a parent is difficult enough, but it can be made worse when...

Secure Act 2.0

The $1.7 trillion budget bill signed by President Biden on Dec. 29, 2022, included the...

Retirement Risk Report: Will You Outlive Your Money?

In survey after survey, the top financial fears among older Americans are almost always the...

Get Your Retirement Planning Questions Answered

We Are Here to Help

Schedule a complimentary 15-minute call with one of our advisors.

You can also call us directly at (954)-870-6735