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Required Minimum Distributions Can Wreck a Tax Plan. Here’s How Retirees Shrink Them.

Source: 247wallst.com

Tax & Tariffs
Required Minimum Distributions Can Wreck a Tax Plan. Here’s How Retirees Shrink Them.

The article says retirees may owe ordinary income tax on required withdrawals even when they do not need the funds, and those withdrawals could contribute to higher Medicare premiums two years later. It notes that legal strategies may reduce the cost but warns each has potential drawbacks; no specific strategies or figures are provided.

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