SmartAsset on MSN

I'm 60 with $1.2 million in an IRA. Should I convert to a Roth to avoid RMDs?

If you’re 60 years old with $1.2 million saved for retirement in a traditional IRA, you may be starting to think about ...
Raiders Wire

Business Q&A: Let's have a conversation about Roth conversions

The primary factor in a Roth IRA conversion decision is the difference between the tax rate at conversion and the future tax ...
Business Intelligence | From W.D. Strategies on MSN

What happens if you skip a required IRA distribution?

You might think retirement means freedom from financial rules. You've earned that money, right?It's sitting in your IRA or ...
AOL

What Is the Required Minimum Distribution (RMD) for a $500,000 Retirement Account?

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...
AOL

Don't Need Your Required Minimum Distribution (RMD) Right Now? What Can You Do With the Cash Influx?

The IRS eventually comes looking for the tax revenue it didn't get to collect earlier on the money invested within IRAs and other tax-deferred accounts. Just because you withdraw money from a ...
MarketWatch

I’m in my 70s. Should I take the tax hit and withdraw all of my inherited IRA to avoid required minimum distributions?

I’m in my mid-70s, have no debt and have managed as a single person to amass about $1 million in traditional IRA savings, plus some non-retirement account investments. I also inherited a traditional ...