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What are the benefits of RMDs (Required Minimum Distributions)?

According to the IRS, the starting age for taking Required Minimum Distributions (RMDs) has increased to 73 for those who turn 72 after 2022, and it will increase again to 75 in 2033. While often seen as a tax burden, understanding the strategic benefits of RMDs can turn this mandatory withdrawal into a valuable tool for funding your retirement and managing your wealth.