Waiting until age 72 to start withdrawing money from your IRA/401k seems like smart tax strategy on the surface, but when you view it over a lifetime it creates a tax problem for your heirs.
REQUIRED MINIMUM DISTRIBUTIONS (RMDs) as a distribution strategy puts you on the government’s plan for distribution. Consider a distribution strategy starting in your 60s designed to lower your overall IRA tax over your lifetime.
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Do not take any money out of your IRA or 401-K before you are 72.
Don't worry , China, Iran and Russia will make sure your RMD amount doesn't creep over time.
Where does that 25.6 divisor come from? Is that the estimated residual lifespan at age 72?
I have a 403(b) and a 401(a) plan from the same employer. Can the RMDs for these be aggregated and taken from just one of these plans?
Is Roth IRA conversion from IRA can be considered RMD?