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Required Minimum Distributions: What to Expect and How to Prepare
For many retirees, Required Minimum Distributions can feel frustrating and confusing. While some individuals rely on their RMDs for living expenses, for others RMDs represent additional taxable income that can push them into higher tax brackets or trigger Medicare IRMAA surcharges. What are the key things to know about RMDs? Who? Individuals over the age of 73 or those who inherited a retirement account from someone…