Recently, Wes Moss was featured in a MarketWatch article on secrets to successfully taking RMDs – and minimizing taxes while doing it. Read the excerpted section of the article below.
‘A well-crafted plan should be personalized to align with income needs, charitable intentions, and legacy planning objectives,’ says Jeff Lloyd, investment adviser representative at Capital Investment Advisors.
“Smart planning for RMDs is essential for both tax efficiency and long-term wealth preservation. There is no one-size-fits-all approach to RMD strategy, as each individual’s financial situation, tax bracket, and retirement goals are unique. A well-crafted plan should be personalized to align with income needs, charitable intentions, and legacy planning objectives.
Timing of when to take the RMD is also essential when it comes to planning. Many retirees depend on RMDs as a primary income source, and we’ve found that spreading the distribution over 12 monthly installments can provide steady cash flow while fully satisfying the annual requirement.”
The full article can be found on MarketWatch.
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