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10 Ways Required Minimum Distributions Can Be Efficient & Profitable

10 Ways Required Minimum Distributions Can Be Efficient & Profitable

| January 26, 2021
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10 Ways Required Minimum Distributions Can Be Efficient & Profitable

  1. We can coordinate with your CPA and update your income tax withholding estimates, to help things go smoothly at tax time.

 

  1. We can help eliminate the need for you to mail payments every three months for life and improve your peace of mind.

 

  1. We can use the RMDs to help pay other tax obligations generated from pensions, Social Security, dividend payments, rental income, etc.

 

  1. We can help you learn if you might be able to effectively get an easy “interest-free loan” from the government to keep your tax payments invested for most of the year.

 

  1. We can figure out how to balance distributions from other accounts to try and optimize your tax brackets.

 

  1. We can reflect on your distribution or “burn rate” and see if you are still on track for long term retirement income success.

 

  1. We can help you start generational wealth-building and transfers strategies.

 

  1. We can help you with sophisticated Roth IRA conversion strategies.

 

  1. We can help you support charities that are important to you in one of the most tax-efficient ways possible.

 

  1. Finally, we can help you decide if placing a wager on the economy makes sense or not for you.

 

This list could keep going, but we like round numbers.

 

Thanks for taking a look, and we are here for you if you want to talk about your situation!

               

-Your Team at ISC Financial Advisors

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