DID YOU KNOW....You Do Not Have To Pay Your RMD This Year?
How exciting is that? This could save you tens of thousands of dollars in taxes next April 15! It could also put you in a lower tax bracket and therefore, your Medicare premiums could be significantly lower next year. It's all part of the CARES Act. To read more about the CARE Act, check this out: https://www.investopedia.com/coronavirus-aid-relief-and-economic-security-cares-act-4800707
BTW, I have extended my Covid Free Financial Counseling Sessions through next week. Here is the Eventbrite Link:
Please take advantage of this great offer -- I'd love to meet you and answer all of your financial questions!
I told my Dad today about not having to pay his RMD this year and he is over the moon! Let's hope he takes his tax savings for the year and shares it with me!