When you reach age 70½, you must start taking required minimum distributions (RMDs) from your IRA, 401(k), SEP or other retirement account. The extra income may be nice, but there are drawbacks. If you don’t need the income, RMDs cause two problems: they erode the value of your retirement accounts and increase your taxable income.… Continue reading Delaying RMDs from Your IRA: There’s Only One Way to Do It