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Kiplinger
Kiplinger
Business
Jeff Judge, CFP®, ChFC®, CLU®, AEP®

The 7 RMD Tax Traps Waiting for You in Your 70s — and How to Start Disarming Them in Your 60s

Social Security IRS Medicare
A businessman, only his hand showing, examines a trap with a magnifying glass.

For decades, you've saved in tax-deferred retirement accounts, watching your balance compound untaxed. Then you turn 73, and the IRS comes calling.

Required minimum distributions (RMDs) force you to begin withdrawing and paying taxes on those savings — whether you need the money or not.

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