I'm 78 With $735k in my 401(k). How Should I Handle My RMDs?

Group 1 - The IRS mandates required minimum distributions (RMDs) from pre-tax retirement accounts starting at age 73, which can be a challenge for those wishing to withdraw less than the required amount [3][5] - RMDs are calculated based on the account balance at the end of the previous year and the individual's age using life expectancy tables [6][7] - Individuals can withdraw more than the required amount, but RMDs cannot be rolled into another retirement account; excess funds can be transferred or converted [4][5] Group 2 - Financial advisors can assist in calculating RMDs, planning withdrawals around taxes, and deciding on the use or reinvestment of the withdrawn funds [2] - RMDs must be taken separately for each account type, with the full annual RMD required by December 31, except for the first year when individuals turn 73 [5] - Planning for RMDs involves reviewing past withdrawals, income, tax brackets, and aligning future distributions with financial goals [9]