Don't Want to Take Your 2026 RMDs? Go Ahead and Skip Them for These Accounts.
This could help keep your tax bill more manageable this year.
Overview
Required minimum distributions (RMDs) aren't always a big deal, but if you don't need the extra cash, they can be a major pain point. You're forced to withdraw savings you don't actually need, leaving less money invested to cover your future expenses, and your reward for doing this is a higher tax bill.
Skipping your RMDs triggers an even steeper 25% tax penalty on the amount you should have withdrawn. So that's not a great option either. It's often best to take the necessary RMDs, but you don't have to withdraw funds from all of your retirement accounts.
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Details
Source
Originally published at www.fool.com.
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