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IRA steps to take before year-end 

 

The end of the year is the time to tie up your financial loose ends. In this column I'll concentrate on retirement accounts. Here are three steps that investors should take before January 1 to take advantage of existing regulations to avoid penalties and to maximize income:

 

  1. Be sure to take your required minimum distribution (RMD) before year end.
  2. If you plan on doing a Roth IRA conversion for 2018, you must do so by the year-end.
  3. Give to charity using qualified charitable distributions (QCD). 

 

Read the complete article from the Chicago Tribune

 

Security Benefit does not provide investment, legal or tax advice and individuals should consult with their own investment, legal and tax advisors.

 

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