Should I Begin IRA Withdrawals at 67 With $218k to Reduce Future RMDs?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m turning 68 shortly and plan to wait to claim my Social Security at age 70 to maximize the monthly benefit. I also plan to retire at the end of the year, if not sooner (so in three months or less). Does withdrawing from my traditional IRAs (current balance is $215,000) to reduce the income tax on my RMDs outweigh the benefit of keeping those withdrawals invested and growing tax-deferred? My understanding ...