As you approach the year you turn 73, you may start hearing more about required minimum distributions (RMDs) and why the IRS mandates these withdrawals from retirement accounts. Many retirees find RMDs inconvenient, as they can increase taxable income and potentially impact Medicare premiums and Social Security taxes. Fortunately, there are ways to minimize RMDs … Continue reading 6 smart strategies to manage RMDs and reduce your taxable income in retirement