Telemus Blog

How to Downsize Your RMDs

Written by Kiplinger | Oct 29, 2019 2:26:11 PM

 

You must start taking required minimum distributions from your IRA at age 70½. But you can reduce the tax bill.

After you’ve spent decades diverting a healthy stash of cash to your tax-advantaged retirement accounts, you need to start withdrawing a chunk of it each year once you turn 70½.