One of the advantages of 401(k)s and traditional IRAs is tax deferral. But eventually Uncle Sam will come calling for you. RMDs can be a real hassle and take a significant chunk of your hard earned funds, but there are ways to limit the impact of RMDs without arousing the ire of the IRS.
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Should everyone convert their traditional IRAs to a Roth? Of course not. Still, it’s worth exploring because current tax rates aren’t going to stay where they are forever, making this possibly the best year ever to convert.
The post Could This be the Best Year for a Roth IRA Conversion? appeared first on Daily Reckoning.