Stop Losing Money to RMDs: A Simple Fix Retirees Miss

Saving for retirement in a traditional IRA or 401(k), as opposed to a Roth, can seem like a good idea when you're eager to lower your tax bill. But traditional retirement plans come with a huge drawback. Not only are withdrawals subject to taxes, but you may eventually have to take withdrawals even if you don't want to. Those mandatory withdrawals are known as required minimum distributions, or RMDs. And they kick in at age 73 or 75, depending on the year you were born. Will AI create the world's first t ...