Required Minimal Distributions Can Push You Right into a Increased Tax Bracket
Starting at 73, or 75 in case you have been born in 1960 or later, the IRS requires minimal withdrawals from conventional IRAs and 401ks annually, taxed as bizarre revenue. Large RMDs can push you into a better bracket and set off Medicare surcharges. Convert some conventional IRA funds to Roth earlier than RMDs start to shrink the long run tax hit.
