Brokerage firms and advisors may give you information on investment results. But in many cases, these numbers aren’t personalized to your portfolio or tell an incomplete story, giving you overall returns but not annualized ones. You can easily calculate your annual investment returns using IRR functions in Excel. Here’s what to know and how to set up the spreadsheet to get started.
You can take a make a charitable gift from your IRA to satisfy your RMD. Using a QCD or qualified charitable distribution, you can avoid taxes on the RMD. In addition, this strategy may allow you to reduce your income to levels that prevent or reduce taxes on Social Security retirement benefits, Medicare premium surcharges, and more. Learn more about the QCD and how it could work for the charitably-minded and cash-flow conscious.