The #IRS has good news for retirees: you can now keep more money in your tax-deferred retirement accounts thanks to lower Required Minimum Distributions, or RMDs.

However, the changes do come with unique challenges as @Austin with @patriotwealthNC explains to @erinkennedy. These changes mean your money can keep growing, tax deferred in your retirement accounts, which could mean a bigger pot of money, but the larger the distribution, the larger your tax bill. However, there are strategies you can put in place today to reduce that tax bill, including Roth Conversions.

If you'd like to speak with Austin about RMDs, how they're calculated, and how to lower your tax liability in retirement, drop him a line to austin@patriotwealthnc.com or by visiting [ Ссылка ]

#rmds #retirementplanning #retirement #rothconversion #rothira #financialplanning

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