How To Reduce The Pain Of RMDs
Financial Advisor
Financial Advisor reporter Ben Mattlin speaks with Megan Slatter, a wealth advisor at Crewe Advisors, about taking required minimum distributions from tax-advantaged retirement accounts and how life insurance and qualified charitable distributions can serve as legal work-arounds to reduce the pain of selling in a down market. “QCDs are a wonderful strategy to further your philanthropic goals, satisfy your annual RMD requirement, and reduce your tax liability. The donation check must be issued directly from your IRA custodian to the qualified charity to satisfy all or part of someone’s annual RMD requirements,” says Slatter.
