IRAs


Nutshell tax changes for my clients over 70

RMDs are suspended for 2020! That means that we do not HAVE to take a distribution. You still can, of course, you just aren’t being required to. It’s still a good idea to use up low tax brackets with IRA distributions even if you’re not being forced. I’ll be revisiting this for all my ProsperiTea Planning retainer clients during our regular tax planning meetings. If you’ve already taken them in 2020 you can roll it back in […]