Required minimum distributions for freelancers
Once you reach the required beginning age, the IRS mandates that you withdraw a minimum amount each year from your traditional retirement accounts. For freelancers, RMDs are especially relevant because a Solo 401(k) or SEP IRA is often the primary retirement vehicle — and because freelance income is variable, an RMD can be more disruptive than it would be for someone with a steady salary.
This guide covers when RMDs start, how they are calculated, and the strategies available to manage their tax impact.
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