If you have a tax-deferred retirement account, you’ll need to take required minimum distributions at age 73 (or 75 if born in 1960 or later). You can’t avoid taxes by using RMDs for a Roth conversion. Roth IRAs don’t require RMDs, and withdrawals are tax-free since taxes were paid on contributions. You can’t move money directly from a pre-tax account to a Roth IRA to avoid taxes. Most Americans are behind on retirement savings, but Social Security secrets could boost income by $23,760 per year. Learn how to maximize benefits with Stock Advisor.

Read more at Nasdaq: The One Thing You Can’t Do With Your RMD