From Kiplinger · · 1m
RMDs at Age 73: $377k Withdrawals from $10M
Retirees with $10 million face $377,000 annual IRS withdrawals starting at 73.
In brief
Retirees with $10 million face $377,000 annual IRS withdrawals starting at 73. Retirees aged 73 with $10 million in retirement accounts must withdraw $377,359 annually per IRS rules. Originally reported by Kiplinger.
Quick answers
- What are RMDs?
- Starting at age 73, mandatory annual withdrawals from 401(k) or IRA accounts are how the IRS gets paid.
- What is the key takeaway from RMDs at Age 73: $377k Withdrawals from $10M?
- Retirees aged 73 with $10 million in retirement accounts must withdraw $377,359 annually per IRS rules.
What are RMDs?
Starting at age 73, mandatory annual withdrawals from 401(k) or IRA accounts are how the IRS gets paid.
RMDs impact taxes
RMDs push retirees into higher tax brackets, trigger Medicare IRMAA surcharges, and increase social security taxes.
RMDs on $10 million
Retirees aged 73 must withdraw $377,359 annually from $10 million retirement accounts.
RMDs by age
RMDs increase as age rises: $406,504 at 75, $495,050 at 80, $625,000 at 85.
How to lower RMD impact
Spread withdrawals across low-tax years, convert to roth before age 73, or make charitable distributions.
RMDs at age 73
Retirees with $10 million face $377,359 annual withdrawals starting at age 73.
RMDs consequences
High RMDs trigger tax shocks, Medicare surcharges, and social security tax increases for retirees.
What it means
Retirees aged 73 with $10 million in retirement accounts must withdraw $377,359 annually per IRS rules.
