What are some keys ways to reduce taxes on retirement account withdrawals?
Here are some of the best ways to minimize the tax burden when withdrawing money from a retirement account:
1) Take the Required Minimum Distribution after age 70.5
2) Pay Attention to Taxable Amounts on each Withdrawal
3) Know the difference between a Tax-Advantaged Account and a Tax-Free Account
For more on tax considerations for retirement account withdrawals, look for our new article tomorrow.