![How to Find Low-Competition Keywords with Semrush [Super Easy]](https://static.semrush.com/blog/uploads/media/73/62/7362f16fb9e460b6d58ccc09b4a048b6/how-to-find-low-competition-keywords-sm.png)
.jpg)
%20Abstract%20Background%20112024%20SOURCE%20Amazon.jpg)
3 Required Minimum Distribution (RMD) Mistakes You Don't Want to Risk
One of the nice things about saving for retirement in an IRA or 401(k) is enjoying certain tax breaks on the road to building wealth for your senior years. But there's a downside to saving in accounts like these: having to deal with required minimum distributions (RMDs) down the line.If you're wondering what the purpose of RMDs is, it's simple. The government offers up tax benefits to fund IRAs and 401(k)s so that working Americans have income to fall back on in retirement. But it doesn't want IRAs and 401(k)s to become wealth-transfer tools used by the rich to pass down assets in a tax-advantaged manner.Image source: Getty Images.Continue reading
One of the nice things about saving for retirement in an IRA or 401(k) is enjoying certain tax breaks on the road to building wealth for your senior years. But there's a downside to saving in accounts like these: having to deal with required minimum distributions (RMDs) down the line.
If you're wondering what the purpose of RMDs is, it's simple. The government offers up tax benefits to fund IRAs and 401(k)s so that working Americans have income to fall back on in retirement. But it doesn't want IRAs and 401(k)s to become wealth-transfer tools used by the rich to pass down assets in a tax-advantaged manner.
Image source: Getty Images.
