Postpone Your RMDs

Paul DursoEstate & Trusts, Retirement, Saving, Tax PlanningLeave a Comment

Tax Savings

On July 1, 2014, the IRS released the Final Regulations for “qualifying longevity annuity contracts” (QLACs). Thanks to these regulations, you will now be able to purchase certain annuity contracts that can be excluded from the fair market value you use to calculate your required minimum distribution (RMD). Ultimately, the purpose of the regulations is to make it easier to invest … Read More

New RMD Age Possible?

Paul DursoPlanning, Retirement, Tax PlanningLeave a Comment

This may not make much sense now, but following some new regulation, the framework of how we may be able to so some tax planning for Required Minimum Distributions for their IRA accounts has how changed. This new tax strategy is strictly for those who DO NOT need income and have hit the Required Minimum Distribution age of 70 1/2. … Read More