If you’re nearing the age to take Required Minimum Distributions, or RMDs, and you want to avoid the extra income and its tax implications, Sean breaks down and recommends these strategies to help reduce your tax exposure:

1. Consider taking distributions as early as possible (age 59 ½)

2. Roth Conversions

3. Qualified Charitable Distributions, or QCDs

Keep in mind, RMDs are income, so taking those distributions can boost your taxable income and your income taxes for the year, which is why strategic tax planning is so important. If you have any questions about these strategies, or if you’d like to determine if a Roth Conversion or QCD is right for you, please reach out to Sean for a free consultation by calling (603) 715-2335 or visit www.DavisWealthMgmt.com to make an appointment.