Worried About RMDs in Retirement? 3 Key Moves to Lower the Hassle Factors.
Those mandatory withdrawals may be a pain, but they don't have to upend your finances.
Overview
If you have retirement savings in a traditional IRA or 401(k), you'll be subject to required minimum distributions (RMDs) once you turn 73 or 75, depending on your year of birth. And those RMDs could be a hassle, to say the least.
Not only are RMDs a taxable event, but those forced withdrawals could impact other aspects of your retirement finances. They could lead to a scenario where you're taxed on your Social Security benefits or you're forced to pay more for Medicare.
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Originally published at www.fool.com.
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