Required minimum distributions are required withdrawals from retirement accounts with a few notable exceptions beginning at age 73 (as of 2024). They typically increase each year as you age potentially pushing you into higher tax brackets.
Converting all or part of a traditional IRA into a Roth IRA can save a taxpayer a great deal on taxes over the remainder of his life. But a conversion is not beneficial for all individuals or at all times. Here are six of the exceptions.
Stange as it may seem the federal government and many state governments what to help you reduce your taxes by encouraging you to save for your retirement or invest in projects that are good for the country.
