Core Insights - The article discusses the requirement for individuals with tax-deferred retirement accounts to start taking required minimum distributions (RMDs) at age 73 starting in 2024, with the age increasing to 75 in 2033 [2][3] - It highlights the tax implications of RMDs, including ordinary income tax on withdrawals and potential increases in taxes on Social Security benefits and Medicare premiums due to higher income levels [4][5] Tax Minimization Strategies - Charitable donations can be made through Qualified Charitable Distributions (QCDs), allowing individuals to donate up to $105,000 in 2024 directly to charities without incurring taxes on the amount [6] - Continuing to work and maintaining a 401(k) with the current employer can defer RMDs, as individuals are not required to take RMDs from that specific account [7]