Month: January 2025

My RMD Withdrawals, QCDs, and Tax Withholding in 2025

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I’ve written previously about withdrawing from my Traditional IRA to help fund our retirement. I’ve also described how I started making Qualified Charitable Distributions (QCDs) in early 2023 after I turned 70 1/2. In a recent article, I explained how I might optimize my income tax withholding schedule while fully complying with IRS rules. My … Read more

Preparing for an Important Retirement Financial Milestone in 2025

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There are many retirement financial milestones to pay attention to: your penalty-free early distribution age from an IRA (59/12), eligibility for Social Security (early filer at 62 and full retirement age at 66–67), Medicare eligibility (age 65, for most), and your RMD age (currently 73; 75 beginning in 2033). I’ve already hit all those milestones … Read more