In general, the bear market we have been experiencing since last June hasn’t been great for investors. But as the saying goes, every cloud has a silver lining, and the underwhelming performance of capital markets does have a few benefits for people living in retirement.
For people over the age of 72 and living in retirement, RMDs can come with a hefty tax hit, especially when it’s coupled with a market downturn like we experienced in 2022. But that downturn could also mean a smaller RMD amount for 2023—which, in turn, means a smaller tax bill.
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