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Kiplinger
Kiplinger
Business
Jeremy Keil, CFP®, CFA®, CKA®

5 RMD Mistakes That Could Cost You Big-Time: Even Seasoned Retirees Slip Up

Social Security Kiplinger IRS Medicare
(Image credit: Getty Images)

RMDs are like colon cancer screenings: You thought they were only for older folks, and ignoring them now could lead to bigger problems down the road.

When you get to the current RMD age of 73 (updated in the SECURE 2.0 Act) and you're forced to take money from your traditional accounts, you're not just paying taxes on that specific RMD dollar amount.

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