RMDs Don't Have to Drive Up Your Taxes. Here's How to Avoid the Hit.
Taxes are a major pain point when RMDs come into play, but you may be able to get out of them entirely.
Overview
The nice thing about saving for retirement in a traditional individual retirement account (IRA) or 401(k) is getting a tax break on your contributions. The problem is that once you retire, not only are withdrawals taxable, but you're also forced to take withdrawals eventually in the form of required minimum distributions (RMDs).
RMDs begin at either age 73 or 75, depending on when you were born. And if you don't need the money, they can be a huge pain -- namely, because they can drive up your taxes.
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Source
Originally published at www.fool.com.
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