So, you’ve been diligent and maybe even a little frugal.
You’ve squirreled away money in IRAs, a 401k or two, perhaps a 403b… Hopefully, enough to enjoy a well-deserved comfortable retirement.
To reward you, Uncle Sam (and possibly your state taxing agency) gave you tax deductions to make it easier to invest for the future.
However, those were tax deferrals, not credits, and at some point, it’ll be time to pay the piper (or at least the IRS).
Enter the dreaded Required Minimum Distributions (RMDs)…