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The withdrawals can also lead to Medicare premium surcharges because they count as income in calculating those premiums. They likely don’t want to have to pay taxes on the withdrawals because it could place them in higher tax brackets. But some retirees may find the RMD rules onerous, especially if they don’t need the money when the withdrawals are required. Our vision is to provide users with the highest quality information possible about their financial options and empower them to make informed decisions based on their unique needs.įor many people, having to take money out of an account might seem like a good thing. Additionally, operates independently of its partners and has complete editorial control over the information we publish.
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WHEN FUNDS ARE SHIFTED STRAIGHT FROM ONE IRA FREE
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