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A $500,000 IRA Forces an $18,900 Withdrawal at 73 Whether You Need the Money or Not. Here’s the Tax Math

247wallst.com · 6d · first reportShare

The IRS doesn't care if the market is down, if you don't need the money, or if pulling it out wrecks your tax bracket. Once you hit 73, a mandatory withdrawal kicks in, and what it quietly does to your Medicare premiums and Social Security taxes surprises most retirees far too late to fix it.