I retired at 60 and have an untouched $700k nest egg. Are RMDs going to skyrocket my taxes owed?

Alice is a relatively young retiree and likely has many independent years ahead of her. But it’s helpful to consider that at some point, she may need to outsource some daily living tasks. In fact, according to the Center for Retirement Research (CRR) at Boston College, 80% of 65-year-olds will need long-term care at some point over their remaining years (1).Some retirees simply need an extra hand with groceries or household chores. Others may require long-term care with daily support for everyday tasks. And ...