We specialize in hard to find items
All Categories
What to do with your RMD: How much will you spend?
Share Tweet
*Price and Stocks may change without prior notice
*Packaging of actual item may differ from photo shown
- Electrical items MAY be 110 volts.
- 7 Day Return Policy
- All products are genuine and original
- Cash On Delivery/Cash Upon Pickup Available
About What To Do With Your RMD: How Much Will You
Review This important topic is new to most pre-retirees. If you plan to spend all your RMD to cover current expenses, you still should be familiar with the options that Keppel lays out. We will never know if we will have enough in the future so Keppel provides a plan to make sure we have INCOME and GROWTH. He explains when an annuity is appropriate and which type can help meet your goals. He even adds his experience as executor and passing on wealth. A good resource to have available now and later. Ian Sender, Are you ready for retirement? Hope for the best; Plan for the worst Product Description You have to take it - but do you need it? Create tax-FREE income from your IRA, reduce RMD Take advantage of the miracle of compounding: $100,000 becomes $500,000 in 15 years. Create an investment plan for 30+ retirement years. Self-insure and self-fund all your financial needs. Social Security cuts benefits in 2034, The chickens have come home to roost The IRS requires us to take withdrawals of a certain amount from our pension, IRA, 401k, 403b or any other tax-deferred accounts starting at age 70 and a half. Uncle Sam wants the tax we deferred when we contributed to these accounts years ago. During our working lives we could avoid tax on some of our gross income or the pension we could qualify for when we retired. We can keep our 401k, 403b, etc going if we are still working. Now we have to pay up. Our RMD is an amount set each year according to IRS tables of life expectancy. We can have our trustee calculate the RMD, send it to us and then we pay tax as ordinary income. We were able to avoid tax on some of our income for years. Now we must pay the tax on that income plus the interest, gains, and dividends it earned. Uncle Sam does not care how we use our RMD retirement money but we can't put it into another tax-advantaged account if we don't need it right now. I will help you break down your alternative uses for these funds no matter how much they are. Spend it or invest it? Consider 17 alternatives. About the Author Dan Keppel has been helping people find financial services that fit their lifestyles since working in a securities firm, an insurer, two banks and his own coach service. His book, The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year, shows you how, what and where to buy financial products like industry insiders do--directly from the highest rated companies for less. He edits TheInsidersGuides.com and was an adjunct at a local college. He lives in Montclair, NJ with his wife and two cats, Anu and Katze. BLOG: dankeppel.blogspot.com/
