RMDs scare me
Required Minimum Distributions (RMDs) is the minimum amount that the IRS requires you to withdraw from your pre-tax retirement funds annually when you hit age 72. This is not an option. When you withdraw from your pre-tax accounts, it counts as income and you will have to pay taxes. The point of investing your money pre-tax is that you defer paying taxes later on. Well, you will start to be forced to start withdrawing at the age of 72 or 73. If…