10 Ways Required Minimum Distributions Can Be Efficient & Profitable
- We can coordinate with your CPA and update your income tax withholding estimates, to help things go smoothly at tax time.
- We can help eliminate the need for you to mail payments every three months for life and improve your peace of mind.
- We can use the RMDs to help pay other tax obligations generated from pensions, Social Security, dividend payments, rental income, etc.
- 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.
- We can figure out how to balance distributions from other accounts to try and optimize your tax brackets.
- We can reflect on your distribution or “burn rate” and see if you are still on track for long term retirement income success.
- We can help you start generational wealth-building and transfers strategies.
- We can help you with sophisticated Roth IRA conversion strategies.
- We can help you support charities that are important to you in one of the most tax-efficient ways possible.
- 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