#required-minimum-distributions
#required-minimum-distributions

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I just inherited a $700k IRA - How should I handle the mandatory RMDs over the next decade?

At age 73, individuals must take Required Minimum Distributions to ensure tax collection on retirement funds.

RMD calculations include account balances, age, and life expectancy.

RMDs can create unexpected tax liabilities and affect Social Security and Medicare costs for retirees.

At age 73, you must start taking Required Minimum Distributions (RMDs) from retirement accounts to comply with IRS regulations.

RMDs can create unexpected tax liabilities and affect Social Security and Medicare costs for retirees.

At age 73, you must start taking Required Minimum Distributions (RMDs) from retirement accounts to comply with IRS regulations.

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