Message Font: Serif | Sans-Serif
 
No. of Recommendations: 4
Wife & I spent an hour with a CFP we've known for decades. I'm 68, wife 65, and so I asked about RMDs and whether it might make sense for me to withdraw some $ from my qualified retirement account (TIAA) now, when we're in a relatively low tax bracket, rather than later, when the RMDs would push us into a higher bracket.

The CFP did a little math and verified that this would indeed make sense for this year and next year, and so that's what we're going to do. Also, don't forget to send an appropriate amount of withholding tax to Uncle Sam (and your state, if you have state income tax).
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.