You really can defer RMDs and lower taxes while at the same time increasing the long-term growth of your IRA. Here’s how.
Almost everyone has an IRA, 401(k) or similar retirement savings account. The purpose is to have that money available when you stop working. But what if you don’t need it right away?
This question was prompted by readers who want to know how to create options with the income from their IRA to minimize taxes and maximize liquidity — rather than merely taking the required minimum distributions (RMDs) each year. Their primary goals are about longer-term liquidity and legacy, instead of just income.
