The IRS eventually seeks tax revenue on money withdrawn from tax-deferred accounts. Even after withdrawal, these accounts can continue to grow. There’s a financial maneuver to avoid future required minimum distributions. If you’re 73 in 2025, you must take RMDs or face penalties. You can’t refuse withdrawals but have options for handling the cash.
Read more at Yahoo Finance: Don’t Need Your Required Minimum Distribution (RMD) Right Now? What Can You Do With the Cash Influx?
