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Kiplinger
Kiplinger
Business
Donna Fuscaldo

Got $5 Million Saved for Retirement? Here Are the Huge RMDs the IRS Makes You Take at Ages 73, 75, 80 and 85

(Image credit: Getty Images)

If you have a traditional IRA or 401(k), required minimum distributions or RMDs are a fact of life.

They kick in when you turn 73, requiring you to withdraw a certain amount of money from your account each year.

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