Avoiding taxes on money held inside an IRA can be challenging. This article in Barron’s discusses how one more easy tax planning tool is likely to be eliminated and how to adjust to avoid triggering taxes in large IRAs.
But there is always a way to reduce or eliminate taxes if you make your financial plans in advance. Too many people wait until after a tax triggering event and then ask how to avoid taxes retroactively. That’s not how it works!
If reducing taxes is one of your financial priorities then now is the time to take action to arrange your accounts to meet your low tax goals.