They Retired at 62 With $650,000 Between Two IRAs and Lived on His Pension for 11 Years. At 73 Their First RMDs Came to $42,000, on Top of the Pension

A couple relying entirely on pension income allowed two traditional IRAs to compound for 11 years before receiving an IRS notice at age 73, likely related to required minimum distributions. The article highlights that the principal cost was not the IRA withdrawal itself, but the tax and potential compliance consequences of failing to address mandatory distributions. No dollar amounts, penalties, or specific account balances were disclosed.