What You Should Know in 2023 About Your IRAs and Taxes

The rules around RMDs and inheriting IRAs have changed in recent years, resulting in some investors taking their RMDs too early and other investors trying to figure out how to remove money from an IRA without paying unnecessary taxes. Unfortunately, the government doesn’t do a good job educating investors or warning them of the risks of these changes. Today, Paul and Jim Wood, CFP®, work to get investors up to speed on the changes and explain the strategies and rules they are using to help investors make smart decisions with their retirement accounts. 

 

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