This is a news story, published by Yahoo Finance, that relates primarily to IRS news.
For more personal finance & financial education news, you can click here:
more personal finance & financial education newsFor more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about
retirement taxes. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest IRA RMDs news, retirement savers news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
RMD TaxesSmartAsset
•75% Informative
Required minimum withdrawals, or RMDs, are the IRS 's way of getting its hands on the money that’s been quietly growing tax-deferred in retirement accounts.
An RMD can push you into a higher tax bracket, meaning you give up even more of what you withdraw.
If you’re feeling generous, there is one move you can make to keep your RMD from being taxed at all.
By using a qualified charitable distribution, or QCD , you can contribute up to $100,000 to certain charities.
SmartAsset ’s free tax return calculator shows what you might be looking at in terms of a return.
An emergency fund should be liquid -- in an account that isn't at risk of fluctuation like the stock market.
A high-interest account allows you to earn compound interest.
VR Score
69
Informative language
63
Neutral language
47
Article tone
informal
Language
English
Language complexity
42
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
12
Source diversity
3
Affiliate links
no affiliate links