End of the Year Money Moves
https://www.transamerica.com/knowledge-place/end-year-money-moves
… to pay in taxes. And, it’s hard to know how to calculate it all, especially when the rules change frequently. A good CPA can help review your paystubs and investments to see where you … Minimum Distributions (RMDs) In 2020, the age for withdrawing from retirement accounts changed. You must begin withdrawing from a retirement account by April 1 following the year … reinvest your RMDs, just don’t forget to pay taxes on them at your income tax rate. 2 Note the Changes for Charitable Giving While charitable giving used to be a recommended move to make at …