RMD
My husband and I have a combined $2,000,000 in traditional IRAs that will need RMDs starting in July 2022.
Want to minimize taxes by using direct donations to qualified charity and and any other means.
1. Should we take distributions from these IRSs before we reach age 72 while in a lower tax bracket?
2. Buy an annuity?
3. Is there a sweet spot to calculate amount to send to charity to minimize taxes on the RMD?
4. What type of “advise giver” should we consult regarding this? Tax or estate? We already have our other assets in a revocable estate.
Thank you
Terry Says
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