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Should clients take their RMDs now? Tax Strategy Scan

Source: - Mar 24, 2020

Should clients take your RMDs now?
Retirees who intend to invest the RMD from their retirement accounts will be better off taking the mandatory withdrawals as soon as possible, rather than waiting until the year's end, writes a Forbes contributor. If your client is using the RMD for current spending, then the distribution becomes a moot point. "If you sell volatile assets such as stock inside your IRA and use the distributed cash to buy back these assets, you will more likely have a better tax result than if you wait until year end to take your RMD," the expert writes. "One of two things will likely happen between now and year end: the equities will go up or they will go down."

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Category: General Business