6 RMD tactics
The first step, then, is to make sure the client knows they are at the age where they need to start taking RMDs and then to see if any of the following tactics will work for them.
1. Purchase life insurance.
2. Purchase long-term-care insurance.
3. Fund a 529 plan.
4. Make a charitable gift using a donor-advised fund.
5. Pay the tax due on a Roth conversion.
6. Just reinvest.
Beyond the minimum
HD Vest Financial Services® is the holding company for the group of companies providing financial services under the HD Vest name. Securities offered through HD Vest Investment ServicesSM, Member SIPC, Advisory services offered through HD Vest Advisory ServicesSM, 6333 N. State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000.